The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after
growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks
and uncertainties in the global economic landscape, according to a review of the
economy unveiled on Monday.

It also said India can aspire to become a $7 trillion economy in the next six-seven years
(by 2030) asserting that this would be a significant milestone in the journey to delivering
quality of life and standard of living that match and exceed the aspirations of the Indian
people

If the prognosis for FY25 turns out to be right, that will mark the fourth year postpandemic that the Indian economy will have grown at or over 7%. That would be an
impressive achievement, testifying to the resilience and potential of the Indian economy.
It augurs well for the future,” V Anantha Nageswaran,

chief economic advisor in the
finance ministry said in the review. National Statistical Office (NSO) estimates the
economy will grow 7.3% in 2023-24 while Reserve Bank of India (RBI) has projected a
7% growth rate for the current fiscal year.