According to International Monetary Fund (IMF), India

Solution

· The International Monetary Fund (IMF) has corrected an error in its calculations to now project that India would become a $5-trillion economy by 2026-27. · Earlier the data given by the Fund had shown that this could be achieved by only 2028-29, two years after the Union Finance ministry's latest projections and a four-year delay over the original goal set by the government. · Prime Minister Narendra Modi in 2019 envisioned making India a $5 trillion economy by 2024-25. However, this target was hampered by Covid-induced lockdowns.