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Browsing Conference /Seminar Proceedings by Author "Chhaya, Kruti"

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    Making India a 5 Trillion Dollar Economy: What, Why- The path ahead
    (Chainany E-Journal, 2022-06-01) Chhaya, Kruti
    India is on the path to be a 5 Trillion US$ economy by the FY27. The growth process must be inclusive all sectors of economy and all people with their different aptitude. Though the growth is a matter of a country, many macro factors which decide international economic scenario must be considered when we set the growth target. Being an economy of such big size will have many domestic and global implications for India. Economic and political stability, diasporic effect, impact on economic polarization of world shall play their role in the whole journey to reach the target. This article discusses some aspects like the meaning of economic growth, implications of economic growth and factors that need to be addressed at the time of achieving the growth. The time limit for settled target has revisited by national economic experts and international organization like International Monetary Fund. India is a diverse country with diversity in culture and geographic position. It is a gigantic task to join all these diverse factors with synchronicity. It requires structural change in the society by their attitude and perseverance. International financial relation and stability, share of India in international trade are such indicators that can be watched to stay on the path Therefore the growth process is not a phenomenon, but a process like development that bring change in socio-economic structure.