Can India achieve its $5 trillion dream?

Centre’s recent forecast on India’s economic growth slowing down to 6.5% in the current fiscal may make the catch up to pre-pandemic level more elusive. Attributing the drop to the tightening global monetary policy, spill overs from the Russia-Ukraine war, India is already feeling the heat with a slowdown in exports, industrial activity and soaring inflation. In line with the World Bank projections for FY23, even the IMF slashed India’s growth forecast to 6.8% last month from the earlier 7.4%.


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