India’s target of USD5 trillion economy
Yash Joshi MBA- II Semester Batch: 2023-25 yash.joshi2025@sibmnoida.siu.edu.in Introduction India is the fastest-growing and sixth-largest economy in the world. The Indian government aimed to achieve a $5 trillion economy by 2025 by adopting various policies and welfare schemes (pib.gov.in, 2023). This goal also includes sectoral growth, development of standard living, digitalization, and environmental policies. However, the COVID-19 pandemic slowed down the growth trend of India in 2020. Though in 2022, the GDP was Rs. 229 lakhs . However, the finance ministry set some objectives and solutions to achieve this target before the forecasted period of the International Monetary Fund (IMF) is 2026-27. This assignment will also discuss the best possible solution to achieve this target ( www.outlookindia.com, 2023). The fundamental business problem the Finance Ministry faces is getting India’s GDP to $5 ...