India's big leap, only $ 1 trillion GDP by 2007

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India's big leap, only $ 1 trillion GDP by 2007…

Recently, while inaugurating the Bharat Mandapam built at ITPO, Delhi, on July 26, narrating the saga of India's development, it had also announced that in his third term, india would be among the three largest economies of the world. ITPO has been completely renovated for the upcoming G20 Summit and this world-class exhibition cum convention center is one of the few places in the world to have a seating capacity greater than the Sydney Opera House. The prime minister had also told that when he took over the power in 2014, india was the 10th largest economy in the world, but today in 2023 it is the fifth largest economy.

IMF has also estimated that india can become the third largest economy by 2027. india has achieved the fastest growth rate in the world leaving china behind for two consecutive years. This is definitely a big deal amidst the sound of Corona and global recession and now india just has to target the bird's eye like Arjuna. According to the IMF, India's economy is currently worth $3.7 trillion, while only Germany, Japan, china and the US are ahead of it. By 2027, India's economy can be 5.2 trillion dollars.

india has taken a big leap

One interesting thing is that it took a total of six decades for india to become a $1 trillion economy. According to IMF documents, exactly 60 years after 1947 i.e. in 2007, india achieved the target of $1 trillion GDP. That year our economy was 1.2 trillion dollars. After this, india made extensive reforms in its economic policies and by 2014 our economy became 2 trillion dollars. In the next seven years, 1.2 trillion dollars were again added to India's economy.

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