PM sets up panel on big agri sector reforms, says $5-trn economy achievable

PM Modi said global circumstances offered a unique opportunity to India to increase its economic size

Prime Minister Narendra Modi on Saturday asked chief ministers to increase the economic size of their respective states by 2-2.5 times to ensure $5-trillion national economy by 2024 from the current level of $2.7 trillion. This, he said, would help generate additional jobs and increase the purchasing power of the common man.

Chairing the first governing council meeting of the NITI Aayog in his second term as prime minister, Modi announced setting up of a high-powered committee on structural reforms in the distressed agriculture sector. The panel, which will also include some of the chief ministers, will examine legislative changes