Make India $5 trillion economy
Bharatiya Janata Party · Lok Sabha General Election 2024
Last updated 5 Jan 2025
“Under the leadership of Prime Minister Narendra Modi, India shall become a $5 trillion economy. Through structural reforms, increased FDI, expansion of manufacturing under Make in India, and accelerated digital transformation, India will cement its position as the world's third-largest economy.”
Our Assessment
lowIndia's GDP stood at approximately $3.9 trillion in 2024. Reaching $5 trillion requires sustained 8%+ nominal dollar GDP growth, which is achievable but depends on global economic conditions and rupee stability.
Promise Timeline
RBI maintains growth outlook; Finance Ministry officials express confidence in $5 trillion target by 2027.
View sourceIMF World Economic Outlook estimates India GDP at $3.89 trillion for 2024; revises 2025 growth forecast to 6.5%.
View sourceEconomic Survey 2023-24 projects India reaching $5 trillion by FY2027-28 under optimistic scenario.
View sourceSources & Evidence
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