Want to make India a $5 trillion economy by 2024, says PM

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  1. The fifth meeting of the Governing Council of NITI Aayog was held under the chairmanship of the Prime Minister at Rashtrapati Bhawan.
  2. Prime Minister has sought the cooperation of states in helping India achieve the target of $5 trillion economy suggesting that each state should aim to increase their own economy by 2-2.5% and focus on exports.
  3. Prime Minister has also announced the setting up of a high-level task force for undertaking structural reforms in agriculture, including strengthening logistics, produce marketing, food processing as well as changes to the Essential Commodities Act.
  4. PM also said that there is a need for proper implementation of schemes and decisions as the country is moving towards a governance system characterized by performance, transparency and delivery.
  5. The NITI Aayog governing council is the premier body tasked with evolving a shared vision of national development priorities,sectors and strategies with the active involvement of states in shaping the development narrative.
  6. The council reviews the action taken on the agenda items of the previous meeting and deliberates upon the future developmental priorities.

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