Budget 2019: India To Become $5 Trillion Economy By 2025, Says Economic Survey

Finance Minister Nirmala Sitharaman said global crude oil prices are expected to decline in the current financial year 2019-20

 Share
EMAIL
PRINT
COMMENTS
Budget 2019: India To Become $5 Trillion Economy By 2025, Says Economic Survey

GDP growth rate for 2019-20 is likely to be 7 per cent on stable macroeconomic conditions


New Delhi: 

India needs to sustain a GDP growth rate of 8 per cent to become a $5 trillion economy by 2025, stated the Economic Survey on Thursday.

Such growth can only be sustained by various cycle of savings, investment and exports, it said.

Tabling the survey document in the Rajya Sabha, Finance Minister Nirmala Sitharaman said global crude oil prices are expected to decline in the current financial year 2019-20.

But India's export prospects remain weak. However, the GDP growth rate for 2019-20 is likely to be 7 per cent on stable macroeconomic conditions.

Ms Sitharaman said accommodative monetary policy is required to help cut real lending rates as investment rate seems to have bottomed out.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................