CURRENT AFFAIRS

Detailed explanation-1: -SUBHASH CHANDRA GARG was a member of the Indian Administrative Service for more than thirty-six years.

Detailed explanation-2: -UPSC Mains Notes: Former Finance Secretary Subhash Chandra Garg has authored a book titled , “The $10 Trillion Dream". It explores the policy issues that India faces today and suggests reforms for it to become a USD 10 trillion economy by the mid-2030s.

Detailed explanation-3: -India is the fastest growing major economy in the world and is all set to achieve USD 5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said on Friday.

Detailed explanation-4: -The growing momentum could see India add on average 1 trillion dollar to its economy every two years for the next 14-15 years. According to the report of the Centre for Economics and Business Research (CEBR), India will become a $ ten trillion economy by 2035.

Detailed explanation-5: -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.