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Indian economy set for a surge, to touch USD 5 trn by 2025: Prez

Monday, July 02, 2018

President Ram Nath Kovind yesterday said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025. He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI.

"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion," Kovind said. Emphasising that adherence to fair taxation system is much more than merely providing revenue to the government, Kovind said chartered accountants are the watchdogs of public trust.

Chartered accountants have a key role to play and are facilitators of tax payers as well as taxation system. Speaking on the occasion, Minister of State for Corporate Affairs P P Chaudhary mentioned about Prime Minister Narendra Modi's speech on July 1 last year, where he had described chartered accountants as doctors responsible for the economic health and well-being of the society. "He had also said that our chartered accountants are known all over the world for their excellent financial skills.

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