India set to hit $5 trillion GDP by FY29, says Sitharaman

Finance Minister Nirmala Sitharaman told the Rajya Sabha that India's economy is projected to cross the $5-trillion mark in FY29, citing IMF data showing GDP at about $5.1 trillion by 2028-29. She outlined a broad-based growth strategy covering manufacturing, MSMEs, infrastructure, tax reforms, and FDI liberalization to achieve the milestone.