• Dr Suman Bhakri
• Rasleen Kaur

India is one of the fastest growing economies and is currently ranked as the world’s seventh largest economy with GDP of $ 2.72 trillion and world’s third largest when the GDP is compared on the basis of Purchasing Power Parity (PPP) at $ 10.51 trillion. “The Survey departs from traditional Anglo-Saxon thinking by advocating a growth model for India that views the economy as being either in virtuous or a vicious cycle, and thus never in equilibrium. This model, in turn, stems from two key departures from traditional view. First, the Survey departs from concept of equilibrium as a key tenet, which is being challenged increasingly following the Global Financial Crisis. Second, the traditional view often attempts to solve job creation, demand , exports, and economic growth as separate problem”( Economic Survey 2018-19). Indian economy has been on a fast growth trajectory since 2014. India was $ 1.7 trillion economy in 2014 and over the five years in 2019 India has become $ 2.7 trillion economy, having added $ 1 trillion in just last five years has inspired the country to become $ 5 trillion economy by 2024-25.The International Monetary Fund’s (IMF) recent projection suggests India’s GDP will touch about $ 4.7 trillion in 2024. To achieve the above said objective India needs to grow at 8 percent per annum and increase its exports by $ 1 trillion. The current paper focuses on the drivers of economic growth followed by investment, productivity growth, job creation, demand and exports. The paper will address the issues of current economic slowdown and analyse strategies needed for India to become $ 5 trillion economy in uncertain and disequilibrium world.

Gross Domestic Product (GDP), Purchasing Power Parity (PPP), International Monetary Fund (IMF), $ (United States Dollar)

"INDIA $ 5 TRILLION ECONOMY ¬: VISION & MISSION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 3, page no.696-704, March-2020, Available :http://www.jetir.org/papers/JETIR2003408.pdf

"INDIA $ 5 TRILLION ECONOMY ¬: VISION & MISSION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 3, page no. pp696-704, March-2020, Available at : http://www.jetir.org/papers/JETIR2003408.pdf