India economy to hit $5 trillion in FY29, Sitharaman says

Finance Minister Nirmala Sitharaman said the IMF projects India will reach the $5 trillion economic mark in fiscal year 2029.

Summary

India is projected to reach a $5 trillion economy in FY29, Finance Minister Nirmala Sitharaman said, citing the IMF (International Monetary Fund). The statement points to a medium-term growth milestone often used to gauge the scale of the country's expansion and policy ambitions.

Terms & Concepts
  • IMF: International Monetary Fund, a global financial institution
  • FY29: Fiscal year 2029