Automobile, pharma, tourism sectors expected to grow at rapid pace: PM Modi

PTI

New Delhi, August 28

Prime Minister Narendra Modi on Monday said the Indian economy was on the path of rapid growth which had led to creating big opportunities for employment of the youth.

Addressing a Rozgar Mela where he distributed over 51,000 appointment letters to the youth, mostly in the security forces, the prime minister said automobile, pharma, tourism and food processing sectors were expected to grow at a rapid pace and open up employment opportunities for the youth.

He said the tourism sector alone was expected to contribute Rs 20 lakh crore to the economy by 2030 and had the potential to create 13 crore-14 crore new jobs.

The prime minister said India was set to emerge among the top three economies in the world in this decade and bring benefits to the common man.

“Every sector has to develop. From food to pharmaceuticals, from space to startups. When every sector will progress the economy will grow,” he said.

Citing the example of the pharmaceutical industry, the prime minister said the sector worth Rs 4 lakh crore at present is expected to grow to Rs 10 lakh crore by 2030. 

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