Indian Economy to Hit $5 Trillion by FY29: Finance Minister
• Finance Minister Nirmala Sitharaman announced in the Rajya Sabha that India's economy is projected to reach $5.1 trillion by FY29, according to the IMF.
• The government has adopted a broad-based growth strategy focusing on agriculture, manufacturing, MSMEs, infrastructure, and digitalisation.
Impact & Risks
The projected economic growth could position India as a global economic powerhouse, creating millions of jobs and attracting foreign investments. However, challenges like global economic uncertainties, inflation, and geopolitical tensions could impact the growth trajectory.
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