India To Become 3rd Largest Economy By 2030: MSME Minister Rane

Posted under: MSME
Date: 2023-09-26
India To Become 3rd Largest Economy By 2030: MSME Minister Rane

Union Minister Narayan Rane stated that India is projected to become the world's third-largest economy by 2030, with Uttar Pradesh playing a significant role. Speaking at the UP International Trade Show in Greater Noida, Rane emphasized the need to improve per capita income to address migration issues, noting the state's ambition to achieve a USD 1 trillion economy. He highlighted the importance of economic growth for an improved quality of life, referencing the per capita income differences between the US and India. Rane praised Maharashtra's industrialization and urged UP to target substantial economic growth to prevent migration. The MSME Minister highlighted the UP ITS show's significance for small entrepreneurs to export their products. He praised UP's rapid infrastructure development, law and order improvements, and 95 lakh MSMEs contributing to the state's economic growth. The successful Global Investors Summit in Lucknow reflected the state's positive transformation.

Read more at: statetimes.in