Between now and 2024, we need an annual average rate of GDP growth (in rupees) of 11.5%
Since the Prime Minister mentioned a target of a $5 trillion economy by 2024, that number has been tossed around. $5 trillion has a nice, round aspirational ring to it. Obviously, $5 trillion isn’t meant to be in purchasing power parity (PPP) terms. With PPP, India’s GDP is already more than double the $5 trillion-mark. One means nominal GDP based on official exchange rates.
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