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MSMEs to lead India’s mission to $5 trillion

According to a report published by Morgan Stanley, India would become a $5 trillion economy by 2025. Top politicians and industrialists also think that India can achieve the mark of $5 trillion by 2025. As of today, India has a GDP of $2.264 trillion growing at the rate of 6.9% per year (avg. of GDP rate from 2012-2016). With this growth rate, by the end of 2025 India would have become a $3.83 trillion economy. At the current rate, we will be well short of the target by $1.17 trillion.