New Delhi: Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.Also Read - IBPS RRB Recruitment 2021: Exams to be Held in 13 Local Languages Including Hindi, English | Details Here
She also said that many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable. Also Read - Neighbourhood First Policy: Sitharaman Launches BHIM-UPI Services in Bhutan
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. Also Read - Income Tax Department Finds ₹ 300 Crore Black Money After Raids at Hyderabad Company
It said that to achieve that target India will have to grow at the rate of 8 per cent per year.