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Showing posts from October 14, 2019

Indian Economy 2025 –A Roadmap

India is one of the fastest growing economy. Today India is ranked the seventh largest economy, and third largest in terms of Purchasing Power Parity (PPP). The Indian economy’s GDP is pegged at $ 2.9 trillion. The various macroeconomic indicators over the medium term, remain encouraging and optimistic for India. The underlying strengths are indicative of the potential of India to achieve a USD 5 trillion economy by 2025. The current economic scenario provide us platform to target achieving 1 trillion dollar from agriculture and allied activities, 1 trillion dollar from manufacturing and 3 trillion  dollar from services. The Government of India through ongoing initiatives across various sectors focused on economic development and growth. The Government targeted to achieve more than 8.5 % growth rate for the next five year plan 2023-24.In agriculture, the Government is aiming to reorient policy focus from being production-centric to becoming income-centric. The emphasis on incom