Did Narendra Modi promise to make India a $5 trillion economy by 2024, while it currently sits at an IMF-projected $2.94 trillion for 2019, and growth slumped to a six-year low of about five percent earlier this year?

 Indians disappointed at World Cup Cricket loss can cheer up on economy.

In August 2020, Indian PM Modi made a target for the government to achieve $ 5 Trillion economy by end of 2024 (December 2024). Indian leftist, communist, urban naxals, librandµs laughed at Modi’s pipe-dream and called it ‘Mungeri Lal ke haseen sapne’ (wet dreams of Mungeri Lal). This is because Covid-19 was going on and Modi also asked people to light up lamp, clap and beat thali (taali and thali) to ward off Covid-19! Modi has been talking about $ 5 Trillion economy since 2019.

Indian librandµs love to mock right wingers, religious (only Hindu religion) people and political opponents BJP and hence they heavily abused PM Modi’s thali and taali scheme. All leftist, communist, ‘intellectual’ and ‘Harvard’ educated economists like Raghuram Rajan, Kaushik Basu and P Chidambaram started mocking PM Modi on $ 5 Trillion economy dream. Kaushik Basu said $ 5 Trillion will happen by 2033.

Fast forward to 19 November 2023 and there are reports in media that Indian economy crossed $ 4 Trillion. This also means Indian still has 13 months available to add another $ 1 Trillion to make it $ 5 Trillion by December 2024. Some eminent industrialists have lauded this feat. The data is not official and government clarity may come soon. Even if the actual figure is slightly less than $ 4 Trillion, the current government proved that they turned Covid-19 crisis to an opportunity. They can also set lofty goals and made sincere effort to achieve that goal.

Picture source: Google

India's GDP crosses $4 trillion for the first time: Report - Times of India
India Business News: India's economy has surpassed the $4 trillion-mark in nominal terms for the first time ever, marking a significant moment in the country's global pres
https://timesofindia.indiatimes.com/business/india-business/indias-gdp-crosses-4-trillion-for-the-first-time-report/articleshow/105330667.cms?from=mdr
‘Indian economy strong, $5 trillion target achievable’: PM Modi
The Prime Minister also said that the government is moving forward by using technology to modernise and speed-up the economy.
https://www.hindustantimes.com/business-news/indian-economy-strong-5-trillion-target-achievable-pm-modi/story-zMVsBpVmm4YWjcSC3Lx2HK.html
Each state must define a target to make India $5-trillion economy: PM Modi
The prime minister was chairing the first three-day national conference of chief secretaries, which concluded on Friday at Dharamshala in Himachal Pradesh. The conference began on June 15.
https://economictimes.indiatimes.com/news/india/each-state-must-define-a-target-to-make-india-5-trillion-economy-pm-modi/articleshow/92288178.cms
Real GDP would not touch USD 5 trillion by 2024/25: Chidambaram
Former finance minister P. Chidambaram alleged that the Modi government was like a helpless doctor who failed to diagnose the illness of a patient and treat him effectively. He slammed the BJP-led NDA government that it was incompetent and helpless in managing the economy.
https://economictimes.indiatimes.com/news/politics-and-nation/nda-govt-incompetent-in-managing-the-economy-chidambaram/articleshow/74027177.cms
Will Modi’s $5 trillion economy goal be reality by 2025? Former World Bank economist explains maths - Economy News
Will Modi’s $5 trillion economy goal be reality by 2025? Former World Bank economist explains maths - Economy News | The Financial Express
https://www.financialexpress.com/policy/economy-will-modis-5-trillion-economy-goal-be-reality-by-2025-former-world-bank-economist-explains-maths-1871369/

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