Indian economy set to reach USD 5 trillion: Narendra Modi

Vastavam web: Prime Minister Narendra Modi Thursday said fundamentals of the Indian economy are sound and it is on the way to becoming a USD 5 trillion economy soon. Addressing the India Korea Business Symposium here, he said India is now a more open economy and has attracted USD 250 billion foreign direct investment (FDI) in the last four years. India, he said, has jumped to 77th spot on the World Bank’s ease of doing business ranking on the back of reforms and is determined to break into the top 50 next year.