Growing Indian Econony

Indian economy is growing significantly since the launched of the GST and the demonetization. Recently Indian PM Narenda modi announced that we are going to achieve 5 trillion dollar by 2022 and 10 trillion by 2033. If we look at the numbers of current economic conditions of India, the demands of dollar is highest since two months as the rupees deprecated around 20 percent against the US dollar. The fact is that in the last two three years economy grew at around 7% annually. If the GDP grow 7% annually, we can certainly touch to be 5 trillion dollar economy and then will become 5th largest economy in the world. The manufacturing alone has 1 trillion that’s around 16% of GDP. We missed the target of manufacturing sector to boost it to 20-25%. Since we lacked in infrastructure in past; now we have enough power supply and effective infrastructure to provide impetus to our economy. The major issues that impending our economy to grow are land, Labour and finance. Although some state came farword to ease land and labour reforms, but more needs to done in that arena.