Where do you expect India's GDP to be in the next 5 years and at what rate would it grow?

Question

Accepted Answer

It is difficult to predict India's GDP growth rate accurately, but it is expected to grow at a steady pace in the next 5 years.

India's GDP growth rate is influenced by various factors such as government policies, global economic conditions, and domestic consumption.
Historically, India has experienced an average GDP growth rate of around 7% per year.
However, due to the COVID-19 pandemic and its impact on the global economy, India's GDP growth rate has slowed down in recent years.
The government's initiatives like 'Make in India' and 'Digital India' aim to boost economic growth and attract foreign investments.
The implementation of structural reforms, such as the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC), can also contribute to GDP growth.
India's GDP growth rate in the next 5 years is expected to be around 6-7% per year, considering the gradual recovery from the pandemic and the government's efforts to revive the economy.

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