Government should not stop at $5 trillion economy, says P Chidambaram
(WorldNews Business)

While speaking on Budget 2019-20 in the Rajya Sabha, I said, `If the nominal growth rate of GDP is 12%, the size of the GDP will double every six years. If the nominal growth rate is 11%, it will double every seven years.` I urged the Finance Minister to not stop with the goal of a $5 trillion economy in 2024-25 but also point out that the size of economy will become $10 trillion six or seven years thereafter and it will become $20 trillion six or seven years thereafter. It was not my intention to mock the goal of a $5 trillion economy. It is a fair goal (and we shall be...