Business Standard

A tall order reaching $5 trn GDP a year ahead of IMF's FY27 projection

India's economy is officially projected to reach Rs 272 trillion, or $3.58 trillion, this financial year

Photo: Bloomberg

Photo: Bloomberg

Indivjal Dhasmana New Delhi
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27.

Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF’s projection.

In that context, it would not be difficult to meet the projection in the third quarter of FY27.

To meet the IMF's projection, the economy would have to grow 11.33 per cent compounded annually at current prices from 2025-26

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First Published: Mar 15 2023 | 3:15 PM IST

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