'U.P needs to become $1Tn economy for India to become $5Tn': NK Singh

Chairman of 15th Finance Commission NK Singh on Tuesday, October 22, in a meeting with Uttar Presh Chief Minister Yogi ityanath and his officials said  state needs to become a $1 trillion ecomy. “If goal of PM Modi is to make India a $5 trillion ecomy, n it's important that UP becomes a $1 trillion ecomy. Until & unless UP becomes a $1 trillion ecomy, India cant become a $5 trillion ecomy,” he said during meeting in Luckw.

A visit to discuss ecomic matter of state

NK Singh said that for past few years, minal GDP growth in Uttar Presh has been more than national aver. "In dition, state has maintained fiscal discipline and complied with FRBM Act. commission is satisfied with financial performance of state," he said. Singh also said that  progress me by Uttar Presh in achieving Sustainable Development Goals was lower than national aver. NK Singh along with his members and senior officials is on a four-day visit to Uttar Presh. He met CM Yogi ityanath, his Cabinet colleagues and state government officials. During visit, commission is meeting different sections of government officials to discuss ecomic matter of state. 

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PM Modi assured a $5 trillion ecomy

Last week, Prime Minister Modi, amid opposition parties targeting government over slowdown of ecomy, assured youth that coming years were going to be full of possibilities. He furr asserted that government is committed to make India a $5 trillion ecomy. "How much ever somebody tries to spre negativity, I assure youth that coming years are full of possibilities," Modi said dressing an election rally on Thursday. He said business leers were keen to come to India, investment has grown in five years and country is seen as an FDI-friendly country. "Every business leer I've h a discussion with globally is keen to come to India. growth in investment in India in last five years has been five times," he said.

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(With ANI inputs)