India Targets Third-Largest Economy by 2027-28, Says Finance Minister Sitharaman

In a significant economic projection, Finance Minister Nirmala Sitharaman asserted on Wednesday that India is poised to become the world’s third-largest economy by 2027-28, boasting a GDP exceeding $5 trillion. Sitharaman highlighted the substantial growth in bank account ownership, noting that over 50 crore Indians currently possess bank accounts, a stark increase from the 15 crore in 2014.

Speaking to PTI, Sitharaman emphasized India’s economic trajectory, envisioning the nation’s economy reaching an impressive USD 30 trillion by 2047. The Finance Minister’s optimistic outlook underscores the government’s ambitious economic goals and its commitment to fostering financial inclusion and robust economic growth.