65th B.P.S.C. (Re-Exam) (Pre) 2020

What should be the consistent GDP growth rate for India to become a $ 5 trillion economy by 2024-25?

a8%✓ Correct
b7%
c6%
d9%
eNone of the above

Explanation

In the context of the time when the question was asked, it was stated that to make India a $5 trillion economy by 2024-25, an annual GDP growth rate of 8% would be required on a sustained basis. However, in view of the COVID-19 pandemic and global conditions, this target may now possibly extend to 2026-27 (as per IMF estimates) or even later. The Bihar Public Service Commission, in the final answer key, accepted option (a) as correct.

economic-social-development