New Delhi - Chief Economic Adviser (CEA) V. Anantha Nageswaran said India would become a $5 trillion economy by 2026-27 and $10 trillion by 2033-34. India is relatively better placed than other emerging economies, he said. On the face of it, looks optimistic, even ambitious, but if we get to $5 trillion by 2026-27.

Addressing an event organised by UNDP India, Mr. Nageswaran said India is relatively better placed than other emerging economies. On the face of it, looks optimistic, even ambitious, but if we get to $5 trillion by 2026-27. He said, "If we continue to retain the path of 8 per cent of real GDP growth, it will translate into even 8 per cent dollar GDP growth. If we extrapolate it, we should be a $5 trillion economy in terms of nominal GDP in the Financial Year 2025-26 or the Financial Year 2026-27".

"We are now $3.3 trillion, it is not such a difficult target to reach. Then if you simply assume 10% nominal GDP growth in dollar terms, then you get to $10 trillion by 2033-34 and another doubling with the same rate," he said.

In 2019, Prime Minister Narendra Modi envisioned to make India a $5 trillion economy by the Financial Year 2024-25. The Indian economy is projected to grow at 9.2 per cent in the current financial year.

-ET/TOI