Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.
She also said that many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable.
The Economic Survey for 2018-19 released on Thursday also set out a vision for the country to reach the landmark level of $5 trillion economy by the year 2024-25.
It said that to achieve that target India will have to grow at the rate of 8 per cent per year.
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