India will become the world’s third-largest economy by 2027-28, with its GDP surpassing $5 trillion during that period, Finance Minister Nirmala Sitharaman said on Wednesday at the Vibrant Gujarat Global Summit.
“We are not only aiming to become a $30 trillion economy by 2047, but also aim to ensure inclusive growth,” she explained.
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The finance minister said India has received USD 919 billion in foreign direct investment in 23 years till 2023 as much as 65 per cent or USD 595 billion of which came in the last 8-9 years of the Narendra Modi government.
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