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In 2024-25sae, an estimated GDP of Rs 331.03 trillion of India is resulting in a dollar for Rs 87.25, US dollar GDP resulted in $ 3.79 trillion.
The government achieved the target of $ 5 trillion GDP in 2019 in six years by 2024-25. India’s GDP was $ 2.7 trillion in 2018-19.
In line with the failure to achieve the $ 5 trillion GDP target, by the mid -2030s, $ 10 trillion GDP, ie by 2035, has been different. In the absence of any clear development strategy, India is unlikely to achieve a $ 10 trillion target by 2040.
Viksit bharat In simple words this means that India is entering the HIC group. This is a very difficult call at this time. By 2047 or 2050, Vikit Bharat will have an empty feast on the face of our record of serious inefficiency to get close to getting $ 5 trillion GDP.
(Subhash Chandra Garg is the Chief Policy Advisor, Subhanjali, and the Secretary of East Finance and Economic Affairs, Government of India. He is the author of several books, including ‘$ 10 trillion dream dent, we also make policy, and clarify and comment on budget 2024-25’This is an opinion piece, and above the idea expressed above the author. The Quint Neither endors nor responsible for the same.)
