India's dream of $5 trillion economy achievable: PM Narendra Modi

New Delhi : Prime Minister Narendra Modi on Friday said that BJP-led government has given the nation a strong foundation on which its target to be US $5 trillion economy by 2024 can be achieved.

"The country has made itself so strong in the last five years that we can set such targets and achieve them too," he said at a function to mark 100 years of ASSOCHAM (Associated Chambers of Commerce and Industry of India) in New Delhi on Friday.

He also claimed that every factor that is responsible for turning the dream into reality belongs to the people and not the government.

“Five-six years back, our economy was heading towards disaster. Our government has not only stabilised it, but also made efforts to bring discipline to it. We have paid attention to fulfilling the decades-old demands of the industry,” he said.

PM Modi also said that the use of modern technology has paced up the process of India's economic growth.

“You climb up the ‘Ease of Doing Business’ rankings when you work hard day and night, when you bring about a change in the policies, starting from the ground,” PM Modi added.

In BJP's poll manifesto, taking Indian economy a $5 trillion was one of the key pointers to get vote from the public.

The country’s economy expanded at its weakest pace in more than six years in the quarter ending September. The gross domestic product (GDP) was projected to grow at 4.7%, down from 5.0% in the previous three months and 7% for the corresponding period of 2018.