AGPUR: US Consul General Paul Folmsbee on Friday said that the Indian economy has the potential to grow further and is likely to touch the $5 trillion mark in the near future.
"The Indian economy is growing fast and from the present $1.2 trillion, it is expected to become a $5-trillion economy very soon," Folmsbee, said without specifying a particular time frame while addressing management students at G S College of Commerce here.
The Consul General, who was in the city today for a seminar on 'Indo-US relations' also emphasised on the need for both countries to focus on vital issues like energy crisis, technology transfer, climate change, higher education and small as well as medium enterprises.
On the higher education scenario, particularly at the University level, Folmsbee said many US varsities were in the process of setting up their establishments in the country with Columbia University already establishing its institution in Mumbai.
On his first visit to the orange city, Folmsbee said he was here to study the issues of regional interest.
"The Indian economy is growing fast and from the present $1.2 trillion, it is expected to become a $5-trillion economy very soon," Folmsbee, said without specifying a particular time frame while addressing management students at G S College of Commerce here.
The Consul General, who was in the city today for a seminar on 'Indo-US relations' also emphasised on the need for both countries to focus on vital issues like energy crisis, technology transfer, climate change, higher education and small as well as medium enterprises.
On the higher education scenario, particularly at the University level, Folmsbee said many US varsities were in the process of setting up their establishments in the country with Columbia University already establishing its institution in Mumbai.
On his first visit to the orange city, Folmsbee said he was here to study the issues of regional interest.
NEW DELHI: Sajjan Jindal-led JSW Steel may sell about 14 per cent stake to Japan's JFE for Rs 4,700 crore to cut the company's debt.
"Talks between the two companies for stake sale have more or less concluded. JSW Steel may sell around 14 per cent stake to JFE," a source in the know of the development said.
"Talks between the two companies for stake sale have more or less concluded. JSW Steel may sell around 14 per cent stake to JFE," a source in the know of the development said.