Economy News

India Emerges as the 5th Largest Economy, Worth $3.75 Trillion

India Emerges as the 5th Largest Economy, Worth $3.75 Trillion

 In a significant milestone, the Indian economy has surged to become the fifth-largest in the world, with a valuation of $3.75 trillion. The Finance Ministry proudly shared this achievement through a tweet, marking a momentous occasion for the nation. Under the leadership of Prime Minister Modi, the government has set its sights on an even more ambitious target of reaching a $5 trillion economy by the year 2025. If this objective is realized, India will join the exclusive league of select nations that have accomplished this feat, with only the United States and China having achieved it thus far.

 

During the tenure of the Modi government, the Indian economy witnessed remarkable growth, with an increase of 1.75 lakh crore. The Office of Finance Minister Nirmala Sitharaman, in a tweet, revealed that India's Gross Domestic Product (GDP) has soared to $3.75 trillion, a substantial leap from the $2 trillion valuation in 2014. This noteworthy growth demonstrates India's resilience and potential as an emerging economic powerhouse on the global stage.

 

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