"Professional pessimists", as Prime Minister Narendra Modi termed them, scoff at the government's ambition to make India a $5 trillion economy by 2024-25. So is the PM being over-optimistic or are his critics missing the big picture? To answer that question, we need to examine the math. India's estimated nominal GDP in 2019-20, the base year for our five-year computation, is $3.1 trillion. The...
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