Agencies
NEW DELHI, Oct 15: Union Minister of Railways Ashwini Vaishnaw on Tuesday said that Prime Minister Narendra Modi in his third term has set a target which will be achieved by working three times harder. He added that India needs to attain the status of a developed nation.
"PM Modi has set a target, and this time, you have to work three times harder, three times more, and, three times more effort has to be put in compared to whatever has done during his first and second tenure. There is a change in mindset which gives us hope and confidence that by 2047, we can become a developed nation," said Mr Vaishnaw addressing the Indian Foundation for Quality Management (IFQM) Symposium on Technology.
Elaborating on what it means to attain the status of a developed nation, he said, "Three major elements, first is a very inclusive and harmonious society. The second big element of being a Viksit Bharat is to have the social physical and digital infra in place. The third is getting to the parameters, which are the measurable parameters, $18,000 per capita income, 30 trillion nominal GDP by 2047."
Further highlighting the roadmap that needs to be followed, the Union Minister said, "Today, we are just shy of 4 trillion nominal, just shy of four $3,000 nominal per capita. It means we have a path where we need to grow about 6 times, 11 times in the next 25 years. Growth at that pace has been achieved by many nations in the past. It's something which has been done, which has been demonstrated, which is possible, which is doable.
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