5 Trillion Economy

Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back

Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back

Budget 2020: Seed industry body demands govt to restore 200% IT deductions for R&D

Ahead of the Budget, Federation of Seed Industry of India (FSII) on Thursday urged the government to restore 200 percent income tax deduction for in-house research and development (R&D) expenditure in the seed industry

Nitin Gadkari says goal of making India a $5 trillion economy 'difficult, but not impossible'

Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the goal of making India a $5 trillion economy by 2024 was "difficult but not impossible".

Narendra Modi govt's Rs 102 lakh cr infrastructure target is a wishful thinking; the devil lies in the details

Over a Rs 100 lakh crore will be pumped into the infrastructure department that will help achieve the $5 trillion dream, the government claims.

India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy

The report further said India is also set to reach a gross domestic product (GDP) of USD 5 trillion by 2026, 2 years later than the government's target.

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy

Narendra Modi said that the aim of the government is to both formalise and modernise the country's economy.

Why big hype on touching $5-tn economy by year 2025 is largely meaningless for average Indians

Now, even if one talks about the $5-trillion target, at the current rate of slowed growth, the target is merely wishful thinking.

India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF

India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles

Favourable conditions exist to achieve $5 trillion economy target by 2024, to reach $10 trillion by 2030: Official

It is entirely possible to achieve $5 trillion economy in India as right conditions exist with a strong policy-driven government both at the centre and states, said DPIIT Secretary Guruprasad Mohapatra

Corporate tax cut a signal to structural reforms, govt should focus on non-tax revenues to offset deficit: CEA

On 20 September, Finance Minister Nirmala Sitharaman had announced a reduction in the base corporate tax rate to 22% from 30% as part of stimulus measures to revive the slowing economic growth.