Hyderabad: The BJP (Bharatiya Janata party) today (Jan 11, 2004) pledged itself to making India a global economic power and a manufacturing hub by targeting an export growth of one per cent of global trade by 2007 and double it in the next five years.

The economic resolution adopted on the opening day of its two-day National Executive in Hyderabad said thanks to Prime Minister Atal Bihari Vajpayee's vision and the policies pursued by the NDA (National Democratic Alliance) Government, India is emerging as a military, political and diplomatic power.

"This needs to be complemented by making India a global economic power," it said, adding that could be achieved also by encouraging the strategy of using Special Economic Zones (SEZs) as engines of growth.

The other strategy is to use foreign exchange reserves to invest more in foreign countries, promoting and building Indian Multi National Corporations as also to support other developing countries in arriving at trade arrangements that defend the collective interests and at the same time opened developed countries' market to Indian goods and services in agriculture.

It also sought encouragement of a culture of entrepreneurship, nurturing high standards of corporate governance and streamlining the rule of law.