Dream targets: Modi govt needs to show greater purpose to meet macro goals

Targets like $5-trn GDP and 100% export growth by 2025, besides doubling of farm income and increasing the share of manufacturing in GDP to 25% by 2022, might prove a tall order, writes T N Ninan

T N Ninan

The Modi government does not make life easy for itself when it sets itself ambitious targets that most people would consider unachievable. Among them: Taking up the share of manufacturing in GDP from 17 per cent now to 25 per cent by 2022; doubling farmers’ incomes, also by 2022; doubling exports by 2025; and of course getting GDP from $2.7 trillion last year to $5 trillion by 2025 (implying 8 per cent average annual growth on the back of 4 per cent inflation). The government is doubtless encouraged in its ambitions by the fact that it has managed enormous progress on, if not quite ...