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.
  • Criticism: Some experts question the feasibility of the ambitious targets and express concerns about rising inequality.

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