Key Points
"The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions," the report stated...
Observing that despite global challenges, India's economy remains resilient, the report said the country is poised to attain the status of a developed economy by 2047 under the initiative of 'Viksit Bharat'...
(Indian economy is) anticipated to surpass USD 4 trillion in the financial year 2024-25 and further escalate to USD 5 trillion by the financial year 2026-27," the report said.. Elaborating upon the various steps to accelerate economic growth further, Deputy Secretary General at PHDCCI SP Sharma said the government should focus more on the informal sector because sometimes the reforms are not percolated at the ground level...
The analysis for the report has been conducted for four sets of time periods, Pre Pandemic Years (2018, 2019), Pandemic Years (2020, 2021), Post Pandemic Years (2022,2023) and Futuristic Outlook Years (2024,2025)..
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