President Pranab Mukherjee has said that India can become a ten trillion dollar economy in the next two decades through manufacturing and innovation. Inaugurating the 35th edition of India International Trade Fair,IITF, in New Delhi today, Mr Mukherjee said, reforms of the government are on the right track. He said, India has stood well despite global slowdown and the initiatives taken by the government are now showing results. He hoped that India will be able to achieve the target of 3 per cent fiscal deficit as the current account balance and foreign exchange reserves have improved. He said IITF would help preserve, protect, promote and reinforce the Indian brand. He said, the annual celebration of trade is to develop India's bilateral relations with the rest of the world. Speaking on the occasion, Commerce and Industry Ministry Nirmala Sitharaman said the event is of a global stature and would see participation by at least 28 countries.This year Afghanistan is the partner country and Bangladesh has been roped in as the focus country. Within states, Goa and Jharkhand are partner states, while Madhya Pradesh is the focus state.Over 7,000 firms from India and overseas are participating in the 14 day fair.
News On AIR | November 14, 2015 7:33 PM
President inaugurates 35th IITF in New Delhi