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Detailed explanation-1: -India has the potential to grow at 6.5-7 per cent and will become a USD 5 trillion economy by 2025-26 and USD 7 trillion by 2030 depending on exchange rate fluctuation, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Indian economy is estimated to touch USD 3.5 trillion mark by March 2023.

Detailed explanation-2: -“India is likely to become a US$ 5 trillion economy by 2026-27 if it grows at an average annual rate of 6.5% with inflation below 5.0% and US inflation closer to 3%, ” it said.

Detailed explanation-3: -Jaishankar said that India will not only become a $5 trillion economy by 2025 but also a significant manufacturing hub. Reports at around the same time said that the Centre for Economics and Business Research had published that India will become a $10 trillion economy by 2035 given the growth trajectory of its GDP.

Detailed explanation-4: -India is currently a $ 3.1 trillion economy. It took India 60 years since Independence to become one trillion-dollar economy, but the next trillion dollars was added only in 7 years. The 3rd trillion was added in just 5 years in 2019.