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Where is the economy headed?n 2019, we set a goal of being a $5-trillion

The economy has recovered from Covid, but incompletely, and old problems still persist

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6 min read Last Updated : Apr 12 2023 | 5:59 PM IST

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Where is the economy headed? In 2019, we set a goal of being a $5-trillion economy by 2024. The lost Covid years (net growth of 1.5 per cent over two years) sets our $5-trillion goal back to 2026. That means growing 9 per cent each of the next four years. We should grow between 6 and 7 per cent this year; projections for next year are lower. The $5-trillion target is for GDP growth by 2026; $5 trillion eventually is meaningless.

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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