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How Budget 2021 can be a stepping stone to $5-trillion GDP dream? Will the Indian economy cross the $5-trillion mark? It is like asking if

How Budget 2021 can be a stepping stone to $5-trillion GDP dream?

Will the Indian economy cross the $5-trillion mark? It is like asking if the sun will rise tomorrow. The real question is: when?

Belying many doomsday predictions, the Covid-struck Indian economy has proven to be resilient. Recent data provides some evident signs of recovery. Auto sales, consumer durables, freight traffic, and consumption of petroleum products, all have shown a marked acceleration in the last 3-4 months. The GST figures for December 2020 at Rs 1.15 lakh crore are by far the highest monthly collection with an impressive year-on-year growth rate of 11.6 percent.

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In the current circumstances, do you believe that India can become a $5-trillion economy in the near future?

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