Indian opinion divided on India becoming $5 trillion economy by 2024-25: IANS Survey

Economy

India’s Gross Domestic Product (GDP) grew at a rate of 13.5 per cent in the first quarter of the current financial year (Q1 FY23), according to data released by the National Statistical Office (NSO) of the Ministry of Statistics and Program Implementation on August 31.

The GDP growth figures are impressive by any means, although the growth rate has been slower than the Reserve Bank of India’s (RBI) estimate of 16.2 per cent.

Higher GDP figures indicate a revival of the economy, which has been hit hard by the Covid-induced lockdown and several other developments unfolding globally.

Prime Minister Narendra Modi credited the decisions taken during the pandemic for the high growth rate. Modi has envisioned making India a $5 trillion economy by 2024-25.

Cvoter-IndiaTracker conducted a nationwide opinion poll on behalf of IANS to find out what people think about India becoming a $5 trillion economy by 2024-25.

52 percent of the people surveyed said that India can become a $5 trillion economy by 2024-25. At the same time, 48 percent did not agree with this.

Further, 54 percent of urban respondents to the survey believe that the Indian economy will not touch the $5 trillion mark by 2024-25.

54 Percent of Its Rural Voters Say the Target is Achievable

NDA and opposition supporters expressed their opinion according to their ideological and political leanings.

During the survey, 75 percent of NDA supporters insisted that the Indian economy would become a $5 trillion economy by 2024-25. And 64 per cent of the opposition voters expressed a completely opposite opinion.

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