India to be $5 trillion economy in Amrit Kaal: MoS Finance
In a written response in Lok Sabha, Pankaj Chaudhary says that the strong rupee, stemming from macroeconomic stability, will play a crucial role in surpassing the $5 trillion milestone
In a written response in Lok Sabha, Pankaj Chaudhary says that the strong rupee, stemming from macroeconomic stability, will play a crucial role in surpassing the $5 trillion milestone
Nageswaran said the continuation of the Russia-Ukraine conflict at the beginning of 2023 will "create geopolitical and geo-economic uncertainties."
India to add $400 bn to economic growth every year and its m-cap will rise from $3.4 tn to $11 trillion by 2032.
The Marico founder expects entrepreneurship to have a multiplier impact on the economy in the next 10 years
Infrastructure development and upgrade will play a better role in realising the vision of India becoming a $5 trillion economy by 2025, Sonowal said.
IMF’s current GDP projections are now the same as the Modi-led govt's revised target of achieving the $5 trillion economy status by the fiscal year 2025-26 or a year later.
This is contrary to the govt's aim of achieving the target by FY26; the rupee is also seen depreciating to 94.4 per dollar by FY28.
Wipro chairman Rishad Premji, Infosys CEO Salil Parekh, and TCS CEO Rajesh Gopinathan say technology will help India take the next big leap.
Given the context of macro challenges that the economy faces and the target of reaching $5 trillion by 2024, the budget does promise some impetus to the sector but more needs to be done.
India, which aspires to be a $5-trillion economy, needs to strengthen “the invisible hand of the market supporting it with the hand of trust”, argues the Survey, which pegs FY21 GDP growth at 6-6.5%.