Don't blame Covid alone: $5 trn economy goal to be delayed by two years

Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each

The Indian economy will have to wait another two years to achieve the $5-trillion milestone, a target the government was originally hoping to meet by 2024-25.

India's economy needs to grow annually by 16.95 per cent at current prices over the next three years if it is to hit the $5 trillion mark by 2024-25. This is an extremely difficult task.  

This is a slightly lower yearly growth than 17.6 per cent, the officially projected figure for the current financial year. However, FY22 is an exception in terms of economic growth.

The projected real gross domestic product (GDP) growth of