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Aim of becoming $5-trillion economy possible, says Pranab Mukherjee

Aim of becoming $5-trillion economy possible, says Pranab Mukherjee

Sunday, August 25, 2019, 8:10 PM

Former president Pranab Mukherjee said the government's ambitious target of becoming a $5-trillion economy by 2024-25 is possible through prudent fiscal-management. The GDP growth needed for achieving the target should be "deflated by inflation (not taking inflation into account) and present exchange-rate should be maintained", the former finance minister said. The country's GDP growth had slowed to a five-year low of 6.8% in 2018-19.
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