India's economy to double in size to $5 trillion by 2022: PM Modi https://www.business-standard.com/article/economy-policy/india-s-economy-to-double-in-size-to-5-trillion-by-2022-pm-modi-118092000665_1.html 20th Sept 2018
Modi said the Indian economy will grow at over 8% rate with massive employment generation being seen in IT and retail sectors
https://www.globaljurix.com/blog/will-india-become-5-trillion-dollar-economy-in-next-5-years.php To achieve the target, India needs to grow with an average annual growth rate of 10-12% in dollar terms for next five years (as against 6.8% in 2018-19), and raise its aggregate investment rate to around 38% of its GDP every year, as against 31.3% in 2018-19, according to experts, including the Ernst & Young (EY). Again, India's inflation (consumer price index) shall be required to be kept below or around 4% (the target inflation rate according to the Monetary Policy Framework), to ensure commensurate increase in the purchasing power of money. According to the finance ministry, the inflation in India has been kept under check and at around 4.5% in the last five years, and now it is on a declining path to reach 3.4% in 2018-19. Again, to support the target rate of GDP growth, the rupee should not depreciate further against the dollar. As per an PTI report, to achieve the target GDP growth, the exchange rate depreciation must not be higher than 2% per annum...