Ambitious and Attainable? India Aims for $7 Trillion GDP by 2035 in Bold Economic White Paper
Key Points:
- Released: February 2nd, 2024
- Goals: Aims to achieve a $7 trillion GDP by 2035, almost doubling the current size.
- Strategy: Focuses on infrastructure development, manufacturing growth, technology advancements, and export promotion.
- Highlights:
- Outlines several initiatives, including:
- Building world-class infrastructure like high-speed rail and dedicated freight corridors.
- Encouraging domestic manufacturing through schemes like PLI (Production Linked Incentive) schemes.
- Promoting digitization and digital literacy.
- Expanding trade agreements and boosting exports.
- Outlines several initiatives, including:
- Criticism: Some experts question the feasibility of the ambitious targets and express concerns about rising inequality.
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