India To Become World’s 3rd Largest Economy by FY28: FM Nirmala Sitharaman

In a compelling message marking ‘International Customs Day 2024’, Finance Minister Nirmala Sitharaman elucidated the imperative need for a collaborative approach to propel India’s GDP beyond the momentous USD 5 trillion mark by 2027-28.

Her emphasis on the evolution of customs initiatives such as Faceless Assessment and Single Window Clearance underscores the pivotal role of partnership in fostering trade growth and national prosperity.

Collaborative Evolution for Economic Prosperity

Nirmala Sitharaman articulated the essence of ‘Amrit Kaal’ for India, calling for an amalgamation of collective efforts towards fostering ease of doing business and contributing to nation-building. Her call to action resonates deeply, emphasizing the indispensable need for all stakeholders to unite with a shared vision of fortifying the nation’s economic fabric.

Customs Engaging Traditional and New Partners with Purpose

The theme of ‘International Customs Day 2024’ – “Customs Engaging Traditional and New Partners with Purpose” – harmonizes with the spirit of ‘Sabka Saath Sabka Vikas‘ championed by Prime Minister Narendra Modi. Sitharaman’s invocation of collaboration as the linchpin for propelling India towards becoming the world’s third-largest economy by 2027-28 reflects a resolute commitment to inclusive growth and economic vitality.

Evolution of Customs Initiatives

Highlighting the pivotal role of initiatives such as Faceless Assessment, Direct Port Delivery, Single Window Clearance, and the AEO Scheme, Sitharaman underscored the need for their evolution to align with the overarching objective of fostering trade and business growth. This forward-looking approach is poised to invigorate India’s economic landscape and propel it towards unparalleled achievements.

“Government’s Commitment to MSMEs, Startups, and Inclusivity: Nirmala Sitharaman

Sitharaman’s spotlight on the special focus on MSMEs, new startups, and inclusivity serves as a testament to the government’s unwavering dedication to realizing Prime Minister Modi’s visionary outlook.

By aligning initiatives with the Prime Minister’s vision, the government seeks to create an ecosystem that nurtures innovation, entrepreneurship, and equitable economic opportunities for all.

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