“Make India a $5 trillion economy by 2024-25”
Under India's revised GDP series, output in FY2025-26 was about $3.93 trillion, below the $5 trillion mark, Swarajya reported.
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What the record shows
In June 2019 Narendra Modi said India was moving towards 'the goal' of a $5 trillion economy 'in the coming five years', and repeated the five-year horizon in his Independence Day speech that August; the Economic Survey 2019-20 framed it for 2025. In December 2023 Modi said GDP would exceed $3.75 trillion by the end of 2023-24, and the revised GDP series put FY2025-26 at about $3.93 trillion, per Swarajya. In August 2026 Finance Minister Nirmala Sitharaman told the Rajya Sabha that IMF projections put GDP at around $5.1 trillion by 2028-29. The Wire argued successive deadlines had been missed.
What was promisedtimesofindia.indiatimes.com
“We are moving forward with the goal of making India a 5 trillion dollars economy in the coming five years.”
Evidence11 reports
- 5 Jul 2019 ·Prime Minister's Office (pmindia.gov.in)Verified sourcePM's reaction on Union Budget 2019-2020 ↗
- 15 Aug 2019 ·Prime Minister's Office (pmindia.gov.in)Verified sourcePM's address to the Nation from the ramparts of the Red Fort on the 73rd Independence Day ↗
- 31 Dec 2023 ·Prime Minister's Office (pmindia.gov.in)Verified sourcePM's interview to India Today ↗
- 31 Jan 2020 ·Deccan HeraldVerified sourceEconomic Survey 2020 bets on 'invisible hand' to help India achieve $5 trillion economy by 2025 ↗
- 7 Mar 2026 ·SwarajyaVerified source7 Things That Changed When India Recounted Its Economy ↗
- 4 Aug 2026 ·Business Standard (PTI)Verified sourceIMF estimates Indian economy will hit $5 trillion in FY29: FM Sitharaman ↗
- 19 Sept 2026 ·Business Standard (PTI)Verified sourceIndia's GDP will rise to $38 trillion in 20 years, says Ajit Doval ↗
- 10 Jun 2026 ·The WireVerified sourceFirst 2022, Then 2025, Modi Fails Again with His Deadline to Make India a '$5-Trillion' Economy ↗
- 4 Aug 2022 ·Down To EarthVerified sourceFix from ground up: A $5-trillion economy target by 2025 for India is not unachievable ↗
- OutlookVerified source'Propaganda Has Replaced Performance': Congress Releases 12-Year Report Card on Modi Govt ↗
- The Indian ExpressGDP: Why India is now further away from becoming a $5 trillion economy ↗
India missed its original target of reaching a $5 trillion economy by 2024-25, with nominal GDP reaching approximately $3.9 trillion.
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