BUSINESS PROBLEM:

Achievi
The goal of this report and the analysis ng a
conducted is to map out a pathway for
Indian economy to achieve the milestone USD 5
of a $5 Trillion economy in the next 10
years. trillion
econom
Objectives:
a) Sustainable Growth: Ensuring that the y for
growth trajectory of the country is sustainable
and inclusive. India
b) Economic Diversification: Reduced dependency on specific sectors,
leading to a balanced economy.
c) Investment and Innovation: Encouraging private and foreign
investments, fostering innovation and creating ample jobs in the market.
d) Export Promotion: Boosting exports by enhancing competitiveness
in global markets.
e) Infrastructure Development: Developing robust infrastructure to
support economic activities.
f) Skilled Workforce: Enhancing skill development to meet industry
demands and technological requirements.
g) Financial Inclusion: Ensuring access to financial services for all
segments of society.
Analysis:
a) Sectoral Strategy: Identify high-potential sectors like technology,
manufacturing, renewable energy, and services. Provide targeted
incentives for investments and R&D in these sectors.
b) Ease of Doing Business: Streamline regulatory processes, reduce
bureaucratic hurdles, and enhance transparency to attract domestic and
foreign investors.
c) Tax Reforms: Simplify the tax structure, broaden the tax base, and
lower tax rates to stimulate economic activities and increase compliance.
d) Infrastructure Investment: Allocate funds for key infrastructure
projects in transportation, energy, and digital connectivity to drive
economic growth.
e) Education and Skill Development: Establish a comprehensive skill
development framework to bridge the skill gap and ensure a capable
workforce.
f) Export-Focused Initiatives: Introduce export-oriented policies, offer
incentives for export-oriented businesses, and negotiate favourable trade
agreements to expand market access.
g) Innovation and Entrepreneurship: Create innovation hubs,
incubators, and accelerators to promote startups and technological
advancements.
h) Financial Inclusion Programs: Extend financial services to rural and
underserved areas, encouraging savings and investments.
Result:
The best possible solution involves a multi-level approach combining:
 Strategic Sector Focus: Concentrating on sectors with high
growth potential and offering targeted incentives can create a
ripple effect across the economy.
 Investment in Infrastructure: Developing modern infrastructure
will not only facilitate economic activities but also attract
investments.
 Policy Reforms: Implementing business-friendly policies, tax
reforms, and deregulation will boost investor confidence.
 Export Promotion: Prioritizing exports can reduce trade deficits
and strengthen foreign exchange reserves.
 Skilling and Innovation: Investing in education, skill
development, and fostering innovation will ensure a competitive
workforce and sustained economic growth.

Conclusion:
To achieve the USD 5 trillion economy goal, the government must adopt
a comprehensive approach by aligning sectoral strategies, policy
reforms, and investment in infrastructure and human capital. Continuous
monitoring and course correction based on performance indicators will
be crucial. Collaboration with industry stakeholders, research
institutions, and international partners will amplify the efforts. By
fostering an environment conducive to investment, innovation, and
growth, India can realize its economic aspirations while promoting
social inclusivity and sustainability.

Assumptions:
  Political stability and favourable global economic conditions.
 Availability of required funding through domestic and foreign
sources.
 Willingness & Adaptability of stakeholders to various reforms in
policy.

References:
 The Times of India: Govt taking steps to make India $5 trillion
economy 'at an early date': Finance ministry:
https://m.timesofindia.com/business/india-business/govt-taking-
steps-to-make-india-5-trillion-economy-at-an-early-date-finance-
ministry/articleshow/98633527.cms
 Business Today: The Path to a $5-trillion Economy:
https://www.businesstoday.in/magazine/30th-anniversary-special/s
tory/the-path-to-a-5-trillion-economy-321694-2022-02-15
 The Economic Times: India to be USD 5 trillion economy by
FY2026:
https://m.economictimes.com/news/economy/finance/india-to-be-
usd-5-trillion-economy-by-fy2026-cea-anantha-nageswaran/
articleshow/97500680.cms