New Delhi, Commerce and Industry Minister Suresh Prabhu on Friday said, the upcoming new Industrial Policy of the government will make India ready for the 4th Industrial Revolution.
Briefing media about the initiatives and achievement of his ministry in the last four years, Mr Prabhu said intensive consultations over the new Industrial Policy were going on with the stake holders and it will be announced soon.
He said the country’s GDP growth was expected to cross 8 per cent mark in next two years and a number of initiatives were being worked out including the new Industrial policy to achieve it.
The Minister said, the government has instilled business confidence among people and domestic investment has picked up while industrial production is also going up. He expressed the hope that India will soon be a five trillion economy.
Mr Prabhu said, government is working on a strategy to increase the exports and promote agricultural growth in the country. He said there is a clear upsurge in investments and trade should become an engine for India’s economic growth story.