Indian economy to reach $3 trillion in current fiscal: Sitharaman

Many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable, said the finance minister.

Published: 05th July 2019 12:41 PM  |   Last Updated: 05th July 2019 04:15 PM   |  A+A-

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For representational purpose only. (File photo)

By IANS

NEW DELHI: Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.

She also said that many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable.

The Economic Survey for 2018-19 released on Thursday also set out a vision for the country to reach the landmark level of $5 trillion economy by the year 2024-25.

It said that to achieve that target India will have to grow at the rate of 8 per cent per year.

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