10 Years Of Modinomics And Future Growth

Just three days ahead of the interim budget 2024-25, the Finance Ministry has released a report saying that the Indian economy is projected to grow at a rate of more than 7 percent in the coming years on the back of robust financial sector, structural reforms, demographic dividends and technological advancements. The report has projected an optimistic economic growth trajectory, with the country's GDP expected to more than double from $3.5 trillion in 2022 to $7.3 trillion by the end of the decade. As of January 29, the Indian economy has reported to be at $3.7 trillion, a marked growth from its position as the 10th largest economy a decade back with a GDP of $1.9 trillion. There is considerable potential for the economy to grow at a rate above 7 percent in the coming years. However, geopolitical conflicts remain a risk that could impact this trajectory. ''The strength of the domestic demand has driven the economy to a 7 percent plus growth rate in the last three years...in FY25, real GDP growth will likely be closer to 7 percent,'' said the review report, and added there is, however, considerable scope for the growth rate to rise well above 7 percent by 2030. Tune in to the discussion as Business Today TV Managing Editor Siddharth Zarabi discusses 10 years of Modinomics with DK Joshi, Chief Economist, CRISIL, Saugata Bhattacharya, Economist, Siraj Hussain, Former Agricultural Secretary and Narendra Taneja, Energy Expert.