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The Hindu
The Hindu
National
Sambasiva Rao M.

India needs tenfold growth to become a developed nation by 2047, says Union Finance Minister Nirmala Sitharaman

India aspires to become a developed nation by 2047 and it needs a tenfold growth when compared to now to achieve the goal, Union Finance Minister Nirmala Sitharaman has said. 

Participating in the 11th graduation day ceremony of Vignan’s University at Vadlamudi in Guntur district on October 23 (Monday), she said that 13 prominent foreign startup companies were planning to invest in India. “Remarkably, all their products will be manufactured in India and exported. India offers many opportunities to startups,” she said.

The Union Finance Minister said that the students should not confine their goals to landing a job in software and IT companies. The students should be encouraged to pursue research in rare minerals, material science, drone technology, and natural gas technology.

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