Indian economy to reach $3tn in current fiscal: Sitharaman
New Delhi, July 5 (IANS) Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.
Finance Minister Nirmala Sitharaman: It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust & aspiration, we in just 5 years, added $1 trillion. #Budget2019 https://t.co/cN6cg8DS3R
— ANI (@ANI) July 5, 2019
She also said that many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable.
The Economic Survey for 2018-19 released on Thursday also set out a vision for the country to reach the landmark level of $5 trillion economy by the year 2024-25. It said that to achieve that target India will have to grow at the rate of 8 per cent per year.
–IANS
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