Big Companies Will Continue To Remain The Driving Force As Market Moves Towards $5 Trillion Mark: KRChoksey
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KRChokey Research Report
In 2019 Prime Minister Narendra Modi set an aspirational goal for India to become a $5 trillion economy by 2024-25.
India became $1 trillion economy in 2007 and $2 trillion economy in 2014. The aspirational target may get extended by a couple of years as the country is severely hit by the pandemic.
For India, to continue on its path to become $5 trillion economy, recovery in domestic economy holds the key. In the post pandemic era exports too provide ample opportunities for growth.
Enhanced domestic manufacturing will help India to reduce its dependency on imports for key inputs.
Production linked incentive is a welcome move by the government of India to make the country self reliant.
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