Need to modernise agriculture today to achieve 5 trillion dollar economy goal: Niti Aayog vice-chairman
Kolkata, July 9 (IBNS): In India's journey to the 5 trillion dollar economy goal in five years' time, the country has to modernise agriculture and achieve complete food security, said Niti Aayog vice chairman Rajiv Kumar here on Tuesday.
Speaking at the 91st Annual General Meeting of the Indian Chamber of Commerce (ICC), the senior official of the Aayog, a policy think tank of the Indian government, said: "The 2019 budget has a number of positives. It is a good budget. As the PM said, modernisation of agricultural sector is required for 5 trillion dollar economy, we need to modernise agriculture today only."
"India doesn't have to think about food security," he said. "Hopefully, the Chief Ministers' committee will tell us how to develop agricultural sector."
He said the Union finance minister Nirmala Sitharaman's budget speech on going back to basics is a big change.
Speaking at the event, Sanjeev Sanyal, principal economic advisor to the Union finance ministry, said: "We have put in place a new tax regime and infrastructure. We have attained a lot of changes in last five years like building toilets and Jan Dhan Yojana. We chose 5 trillion dollar not as a random number. It is ambitious yet achievable."
(Reporting by Souvik Ghosh, Image by Avishek Mitra)
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