Key Points
India will become a USD 5 trillion economy early in the 'Amrit Kaal' on the path to achieve the goal of becoming an advanced economy by 2047, Minister of State for Finance Pankaj Chaudhary said on Monday..
The International Monetary Fund (IMF) has projected India to become a USD 5 trillion economy with the third largest GDP in 2027-28...
The USD 5 trillion milestone will be crossed with the help of a strong rupee which will result from macroeconomic stability, he said in a written reply in the Lok Sabha...
"India is a market economy, and the government monitors economic progress through market-determined GDP and exchange rate," Chaudhary said...
Major initiatives taken by the government in the last 9 years for directly increasing the GDP include, implementation of the Insolvency and Bankruptcy (IBC) Code, recapitalisation of public sector banks, rollout of Goods and Services Tax (GST), reduction in corporate tax, boost in effective capital expenditure, introduction of Production Linked Incentive (PLI) scheme in 14 sectors, continuous liberalisation of the FDI regime, and building of digital infrastructure...
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India to become $5 trillion economy early in Amrit Kaal: FinMin
04, Dec, 23India Business News: India aims to become an advanced economy by 2047 and achieve a USD 5 trillion economy milestone. The International Monetary Fund (IMF) projects that I