Presenting her maiden Union Budget, Finance Minister Nirmala Sitharaman on Friday said India will become a $3 trillion economy in the financial year 2019-2020.
Sitharaman enlisted the initiatives taken by her government for taking India into the next level of economic development. According to her, more structural changes are needed for the country to become a $5 trillion economy.
The Economic Survey for 2018-19 released on Thursday also set out a vision for the country to reach the landmark level of $5 trillion economy by the year 2024-25.
It said that to achieve that target India will have to grow at the rate of 8 per cent per year.