India's economy is based mostly on agriculture, which sustains millions of farmers and rural people throughout its vast landscapes and bountiful fields.
The Government of India has launched a revolutionary mission to improve the lives of farmers across the country and elevate the agricultural sector in recognition of the vital role that farmers play in the advancement of their country. The government works to address the multitude of intricately organized projects and initiatives that they face with a key focus on enhancing farmers' socio-economic well-being, This coordinated effort is a crucial step toward a robust and vibrant agricultural environment in India and highlights a dedication to promoting equitable growth and rural prosperity.
The government envisions an Indian economy worth USD 5 trillion. To create a plan for reaching a $5 trillion economy by 2025, the Ministry of Commerce and Industry's Department of Industrial Policy and Promotion has assembled a Working Group of government and industry leaders.
The committee gathered as much information as possible from stakeholders through extensive engagements, and now that they have produced a report, it is being sent to them for additional feedback. Sectoral sub-groups have also been formed to focus on certain areas of interest.
India's economy will rank third in the world, with a GDP that might surpass $5 trillion in the following four years By 2027. According to Jefferies, the brokerage attributes its optimistic prognosis to advancements in institutional strength, demographic advantages, and governance.
