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India's $5-trillion economy dream: Not before FY29, says IMF

However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29

Indian economy
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The IMF’s projection for nominal GDP growth rate (in rupee terms) will not sustain at 13.4 per cent during the years following FY23

Indivjal Dhasmana New Delhi
The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International Monetary Fund (IMF).

The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data, illustrating a four-year delay.

Chief Economic Advisor (CEA) V Anantha Nageswaran had in February said India would become a $5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent sustained growth rate in real gross domestic product (GDP).

However, the IMF data conveys that the economy will be $4.92 trillion in FY28,

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First Published: May 03 2022 | 6:10 AM IST

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