BRASILIA – India’s Prime Minister Narendra Modi said that his country aims to be a $5 trillion economy by 2024, in remarks to leaders at a summit of BRICS major emerging economies on Wednesday.

India’s GDP in 2018 was $2.6 trillion. Modi said that BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs.

Reuters

Nov 14

Reporting by Jake Spring; Editing by Sandra MalerOur Standards:The Thomson Reuters Trust Principles.