Challenges in achieving $5 trillion economy by india insights on india
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Context: The road to a $5 trillion economy by 2025 is beset with many speed-breakers, the NITI Aayog has warned the government.
What is a $5-trillion economy?
Essentially $5-trillion economy is the size of an economy as measured by the annual Gross Domestic Product (GDP).
What it needs?
Apart from the monetary definition, a $ 5 Trillion Economy calls for pulling all the economic growth levers—investment, consumption, exports, and across all the three sectors of agriculture, manufacturing and services.
It also means improving all three sectors of the economy, India will more likely achieve its ambitious Sustainable Developmental Goals (SDGs).
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