South India's aim to become $1.5 trillion economy by 2025 achievable: V-P Naidu

New Delhi, Sep 23 (IANS): Vice President M. Venkaiah Naidu on Thursday said the aspiration of the southern region of India to become a $1.5 Trillion Economy by 2025 is certainly achievable, and advised the states to focus on reforms, 'Ease of Doing Business' and adopt the best practices to attract investments.

Speaking virtually at 'Mystic South, Global Linkages Summit - Towards a $1.5 Trillion Economy by 2025' organised by the Confederation of Indian Industry, he said that now this was a right opportunity for all the stakeholders to join hands and ensure sustained economic momentum.

Referring to the opportunities in the region, he said that this region combines manufacturing with services, culture with modern values and education with skills.

Noting that most of the Southern States rank amongst the top in terms of 'Ease of Doing Business' rankings, he cited entrepreneurship, skilled workforce, presence of reputed educational institutions, leading IT companies, modern medical infrastructure and excellent connectivity between important cities as some of the major advantages of the region.

Pointing out that a special attention was needed on agriculture to get a sustained growth rate in the economy, the Vice President also called upon the industry to work with the government on implementing various reforms with greater vigour and pave the way for sustained economic growth in the coming decade.

Referring to the slew of measures taken by the Centre to revive the economy, he said, the industry on its part, must rise to the occasion and ensure that the upward growth trajectory continues.

"The need of the hour is to initiate actions that return the economy to a high-growth track and create gainful jobs for millions of workers by 2030," Naidu said.

Stressing the need for India to leapfrog ahead to achieve the required employment and productivity growth, he commented that global trends such as digitisation and automation, urbanisation, rising incomes, sustainability, health, and safety are assuming a new significance in wake of the pandemic.

"For India, these trends could catalyze growth and become the hallmarks of the post-pandemic economy", Naidu added.



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Comment on this article

  • David Pais, Mangalore

    Thu, Sep 23 2021

    da treasury is empty-dumpty, ದರ್ಯಂತ್ ಆಸಾ ಮಾಸೊ. ಆಳೆನ್ ವಾಟ್ತ ಪಿಸೊ.

    DisAgree [3] Agree [3] Reply Report Abuse

  • Roshan, Mangaluru

    Thu, Sep 23 2021

    Just look at the same page for a while. In Agra, there are 2.5lakh people are just about to become jobless, they are to add onto 10crore people who already lost jobs in past 7 yrs. Lets be real for the sake of nation. Talking in trillions is one thing but reality is contrast. Middle class shall perish soon, if things prevail the way it is. There will 1perc who will be rich and 99perc who will be surviving on hand outs.

    DisAgree [4] Agree [6] Reply Report Abuse

  • Jossey Saldanha, Thane

    Thu, Sep 23 2021

    This Guy claims to be Educated but is one Big Idiot ...

    DisAgree [4] Agree [7] Reply Report Abuse

  • Joe, Mangalore

    Thu, Sep 23 2021

    Read the article ten times so that you will understand what he is talking about, then you will come to know that he is educated and you are what you are calling him.

    DisAgree [2] Agree [2] Reply Report Abuse

  • Veer, Nagpur

    Thu, Sep 23 2021

    Oh Yeah. The writing is on the wall by Modi’s ‘Double Engine Growth’ in all BJP ruled states which reflect UP model.

    DisAgree [3] Agree [8] Reply Report Abuse

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