Budget 2024: Can India become a $7 trillion economy by 2030?
India TodayA recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report highlights India's commitment to sustaining economic growth, generating resources for investments crucial for climate change adaptation, building resilience, and mitigating emissions. Over the past decade, there has been a considerable increase in public sector capital investment, maintaining a healthy financial sector and booming non-food credit growth, all contributing to India's rapid economic rise.