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Economic Survey: India to become a five trillion dollar economy by 2025
India needs to sustain a GDP growth rate of 8 percent to become a five trillion dollar economy by 2025, stated the Economic Survey on Thursday.
New Delhi: India needs to sustain a GDP growth rate of 8 percent to become a five trillion dollar economy by 2025, stated the Economic Survey on Thursday.
#EconomicSurvey : To become a $5 trillion economy by 2025, India need to sustain a GDP growth rate of 8% https://t.co/BMCZCGq38f
— ANI (@ANI) July 4, 2019
Such growth can only be sustained by the various cycle of savings, investment and exports, it said.
Tabling the survey document in the Rajya Sabha, Finance Minister Nirmala Sitharaman said global crude oil prices are expected to decline in the current financial year 2019-20.
But India’s export prospects remain weak. However, the GDP growth rate for 2019-20 is likely to be 7 percent on stable macroeconomic conditions. (ANI)