Singh said Prime Minister Narendra Modi has been talking about achieving $5 trillion economy by 2024 but in the present situation it looks like a “piped dream”
Current Affairs :-Previous Prime Minister Manmohan Singh on Thursday said there was no expectation of Modi government’s guarantee of $5 trillion economy turning into a reality if development propped up down the manner in which it has for the last five quarters.
Tending to Congress pioneers at a gathering here, he said that at any rate one million individuals may lose their positions if a boost bundle isn’t given to the auto segment, which is weeping for help, and interest in the private segment isn’t advanced.
“The nation today is amidst a hazardously extended log jam. What’s more, this is something which isn’t the announcement being made distinctly by the Congress gathering individuals yet wherever whether you converse with individuals in the business, columnists – the normal subject is that the economy is going from terrible to more awful.
“The perilous thing about the current circumstance is that the administration is careless enough to not understand that we are amidst an extended monetary lull,” the previous head administrator said.
Singh said Prime Minister Narendra Modi has been looking at accomplishing $5 trillion economy by 2024 yet in the current circumstance it would appear that a “funneled dream”.
He said the size of the economy was $2.7 trillion in the current money related year and to reach $5 trillion economy by 2024, the nation needs a development pace of 12 percent by the ostensible terms and 9 percent in genuine terms.
Aditi Mehta 