Union Minister of Commerce and Industry Piyush Goyal, on October 8, expressed optimism about India’s economic trajectory, asserting that the nation’s aspiration to become a $35 trillion economy by 2047 is very much within the realm of possibility.

"We aspire to be a $35 trillion economy by 2047. Achieving this is very much in the realm of possibility," Goyal said while addressing the Global Fintech Fest 2025 in Mumbai.

The IMF, in its World Economic Outlook released in April, had said that India is expected to reach $4.187 trillion in nominal GDP in 2025, compared to $4.186 trillion for Japan. In 2024, India was the fifth-largest economy in the world, with a GDP size of $3.9 trillion, compared to Japan's $4.1 trillion.

Going forward, the Indian economy is expected to grow by 6.3 per cen

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