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The Hindu·3 min read·medium

Indian economy to hit $5-trillion mark in FY29 as per IMF: Finance Minister Nirmala Sitharaman

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Indian economy to hit $5-trillion mark in FY29 as per IMF: Finance Minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman announced that India is projected to reach a $5-trillion economy by the 2028-29 fiscal year, according to IMF data. The government plans to achieve this through a broad-based growth strategy focusing on manufacturing, infrastructure, and digital reforms.

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Indian economy is set to cross $5-trillion mark in FY29 as per the International Monetary Fund (IMF) and the government has adopted a broad-based growth strategy to achieve the milestone, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday (August 4, 2026).

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