There is an atmosphere of Economic lethargy in the country. There is a continuous decline in the sales and production of Auto and Textile and FMCG sectors. At the same time, due to economic data including GDP, an atmosphere of despair is being created. Meanwhile, the Modi government has come into action mode. Actually, a task force committee has been formed on behalf of the government. This committee will prepare a roadmap to increase investment of $ 1.4 trillion in the next 5 years.

The committee will submit its first report by 31 October

According to the statement issued by the Finance Ministry, "To reach the country's GDP by $ 5 trillion by the year 2024-25, the country needs an investment of $ 1.4 trillion, or more than 100 lakh crores. For this, a task force committee has been formed, which will prepare the roadmap for investment. This committee will submit its first report by 31 October. In this report, the target of investment for 2019-20 will be. "The statement further said that the committee will submit its final report by 31 December. In this report, the target of investment will be 2024-25.

This task force committee will be headed by the Secretary of Department of Economy Affairs (DEA). The committee will also include senior officials of NITI Aayog and Finance Ministry. This committee will identify the infrastructure projects and will prepare the expenditure report on these projects. It will also help other ministries to find ways to raise funds.

It has been decided by the government that when the recession is being witnessed in the country. The auto industry has been going through a phase of lethargy for the past several months. Many auto companies have closed the plant, then millions of people have been laid off. More or less the same situation is also happening in the FMCG and textile sector.

If we talk about the economic data then they are also going to disappoint. According to the latest government data, the growth rate in the first quarter (April-June) has come down from 5.8 percent to 5 percent. This is the fastest pace in any one-quarter of Prime Minister Narendra Modi's government.

Let us know that the Modi government has set a target of making the country a $ 5 trillion economy in the next five years, but experts say that it should have a growth rate of 9% per annum for several consecutive years.