India is set to reach a landmark economic milestone by becoming a $5 trillion economy in the initial stages of the “Amrit Kaal” era, laying the groundwork for continued advancement and future growth and transforming into an advanced economy by 2047, asserted by Pankaj Chaudhary, Minister of State of Finance, with conviction on Monday.
India’s robust economic expansion, combined with persistent government measures, is steering the country towards this remarkable milestone. As “Amrit kaal” signifying the golden era, represents the 25 years from 2022 – 2047, marking the 75th anniversary of India’s liberation. Admits the era, India aspires to cement its status as a global economic stalwart.
Minister Chaudhary’s remarks underscore the government’s unyielding dedication to steering India’s economy toward enduring growth and prosperity. Surpassing the $5 trillion economy mark will serve as a stepping stone towards actualizing India’s ambition of evolving into a developed nation. India’s economy has soared from a modest USD 189 billion in 1980-81 to an impressive USD 3.7 trillion in 2022-23 highlighting the country’s resilience, well-thought-out strategies, and indomitable will of its people. Marked a major milestone in 2010-11 by surpassing the USD 1 trillion GDP mark, establishing itself as one of the world’s largest economy
