-The Hindu
The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% growth needed to achieve the figure, Mr. Kant said.
The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government.
To begin with, the think tank has said the nominal GDP growth — a measure of growth without accounting for inflation — has to be at least 12.4% on an average if that target has to be reached. The current rate was a mere 8% in the first quarter of the current financial year.
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