India’s GDP: India is the fastest growing major economy in the world and is all set to achieve USD 5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said on Friday.
Gadkari stated at an event hosted by industry body FICCI that the central government’s goal is to boost growth and employment in order to achieve sustainable development.
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India will play a critical role in achieving the SDGs
According to the road transport and highways minister, India will play a critical role in achieving the global Sustainable Development Goals (SDGs) by 2030.
Gadkari stated that India needs to increase exports while decreasing imports.
“We are also working on developing alternative, clean and green fuel like bio-ethanol, bio-CNG, bio-LNG and green hydrogen,” he said, adding that green hydrogen is the fuel of the future.
India’s automobile industry is currently worth Rs 7.5 lakh crore
The minister stated that India’s automobile industry is currently worth Rs 7.5 lakh crore and that he hopes to increase it to Rs 15 lakh crore. “This will create lots of new jobs.”
He also stated that his primary goal is to reduce construction costs. “We are trying to minimise the use of steel and cement.”
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