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5 Trillion USD by 2029

Published on May 05, 2022
Current Context: The IMF has projected that India would achieve the 5 Trillion USD mark by the year 2029.
5 Trillion USD by 2029
  • India is a 3 trillion USD economy and stands as the 6th largest in the world. The Government of India had put forth her ambitious target of achieving 5 Trillion USD by 2024. However, COVID 19 pandemic created havoc on all sectors of the economy by forcing the markets to close.
  • Meanwhile, the International Monetary Fund has projected that India would be able to achieve the 5 Trillion mark by 2029, in her World Economic Outlook Report 2022, released recently.
  • IMF projects India to grow at 8.2 % per annum in FY 2022. The report also finds that the Indian rupee will depreciate further to 94.4 rupees per dollar by 2029.


Q.1 By which year has the IMF projected India to achieve the 5 Trillion USD mark?
a. 2028
b. 2029
c. 2030
d. 2024
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