Prime Minister Narendra Modi on Friday said that discussions on achieving the vision of making India a USD 5 trillion economy did not come all of a sudden and asserted that the country has strengthened itself in the last five years to achieve such goals.

"Talks on 5 trillion dollar economy have not come all of a sudden. Our country has strengthened itself so much in the last five years that we can aim to achieve such goals," Modi said while addressing the inaugural session of '100 years of ASSOCHAM'

"Every group that can enable the economy is keeping the target of USD 5 trillion economy at the centre of its plans and talks are happening in several sectors. These discussions are positive. Credit for every achieved target goes to the people and not to the government," he added.

The Prime Minister asserted that his government took stepsto stabilise the economy that was heading for a disaster in the last fiveyears.

"Five to six years back, our economy was headingtowards disaster. Our government has not only stabilised it but also madeefforts to bring discipline to it. We have paid attention to fulfilling the decades-old demands of the industry," he said.

He also spoke about India's rapid rise in the 'Ease of Doing Business' rankings since his government took over in 2014 and outlined that hisgovernment is making efforts to allow industrialists to do business with easein the country.

"You climb up the 'Ease of Doing Business' rankingswhen you work hard day and night, when you bring about a change in thepolicies, starting from the ground. We were on the 142nd spot out of 190countries on the Ease of Doing Business Index when I took office. In just threeyears, we have jumped to 63rd," Modi said.

"We have tried to formalise most of the sectors of theeconomy. We are also moving forward by using technology to modernise andspeed-up the economy. For bringing transparency, efficiency and accountability,we are moving towards faceless tax administration," he added.

He asserted that the business sector wanted procedures to besimplified and made more transparent, saying "habits of 70 years take timeto change".

"A company gets registered in just a few hours nowadaysand not weeks. Time-saving has been done in Trading Across Borders byautomation. Turn-around time has been decreased at ports and airports by betterlinking of infrastructure," the Prime Minister said.

He said that his government has heard grievances of farmers,labourers and industrialists in order to improve the business climate of thecountry.

"From providing measures to increase digitaltransactions to GST, and from Aadhaar linked payments to DBT, we have tried toinclude such positive moves in our economy," the Prime Minister furthersaid.