India's Path to $5 Trillion Economy by FY29: Finance Ministry's Growth Plan
The finance ministry has outlined a roadmap for India to achieve a $5 trillion economy by FY29, with the country currently standing at $3.57 trillion in FY24. With an expected annual growth rate of 6.5-7%, India is poised to reach this milestone by 2028-29. This ambitious goal is driven by the government's efforts to boost economic growth, increase foreign investment, and drive innovation. As the Indian economy continues to expand, it is likely to have a significant impact on the global market, making it an exciting time for investors and businesses alike. Key sectors such as manufacturing, services, and infrastructure are expected to play a crucial role in driving this growth. With a focus on economic development and reform, India is on track to become one of the world's leading economies.
