Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India will soon become third largest economy. Does it matter?     </title>
    <meta name="description" content="Subhash Chandra Garg, Deccan Herald

Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..."/>
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     <meta property="og:description" content="Subhash Chandra Garg, Deccan Herald

Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..." />
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                            <p>Subhash Chandra Garg, Deccan Herald</p><p>Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;</p><p>The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India&rsquo;s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India&rsquo;s GDP reached $3.39 trillion in 2022-23 managing to cover only $0.55 trillion. We have a $1.69 trillion distance (three times that of $0.55 trillion) to fathom. The government has not formally pushed back its $5 trillion GDP goal to any particular year. The Chief Economic Adviser (CEA) has talked about 2026-2027. The IMF projects India to go past the $5 trillion mark in 2027-28.</p><p>The conclusion is clear. India will prosper and develop when the per capita income of average Indian will grow to reach higher middle-income levels, if not the high-income level &mdash; and not when its GDP becomes the third largest.</p><p>Please <a href="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html" title="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html">click here</a> to read more<br />&nbsp;</p>                                                           
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    <br><a href="https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html" class="re" target="_blank">Subhash Chandra Garg, Deccan Herald, 18 July, 2023, https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html</a><div class="clear"></div>
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Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..."/>
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Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..." />
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                            <p>Subhash Chandra Garg, Deccan Herald</p><p>Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;</p><p>The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India&rsquo;s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India&rsquo;s GDP reached $3.39 trillion in 2022-23 managing to cover only $0.55 trillion. We have a $1.69 trillion distance (three times that of $0.55 trillion) to fathom. The government has not formally pushed back its $5 trillion GDP goal to any particular year. The Chief Economic Adviser (CEA) has talked about 2026-2027. The IMF projects India to go past the $5 trillion mark in 2027-28.</p><p>The conclusion is clear. India will prosper and develop when the per capita income of average Indian will grow to reach higher middle-income levels, if not the high-income level &mdash; and not when its GDP becomes the third largest.</p><p>Please <a href="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html" title="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html">click here</a> to read more<br />&nbsp;</p>                                                           
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Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..."/>
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Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;

The Government of India announced in 2019-20 the..." />
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                            <p>Subhash Chandra Garg, Deccan Herald</p><p>Given the depreciating USD, India&rsquo;s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.&nbsp;</p><p>The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India&rsquo;s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India&rsquo;s GDP reached $3.39 trillion in 2022-23 managing to cover only $0.55 trillion. We have a $1.69 trillion distance (three times that of $0.55 trillion) to fathom. The government has not formally pushed back its $5 trillion GDP goal to any particular year. The Chief Economic Adviser (CEA) has talked about 2026-2027. The IMF projects India to go past the $5 trillion mark in 2027-28.</p><p>The conclusion is clear. India will prosper and develop when the per capita income of average Indian will grow to reach higher middle-income levels, if not the high-income level &mdash; and not when its GDP becomes the third largest.</p><p>Please <a href="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html" title="http://https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html">click here</a> to read more<br />&nbsp;</p>                                                           
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    <br><a href="https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html" class="re" target="_blank">Subhash Chandra Garg, Deccan Herald, 18 July, 2023, https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html</a><div class="clear"></div>
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Home हिन्दी

India will soon become third largest economy. Does it matter?

Published on Jul 18, 2023   Modified on Jul 18, 2023

Subhash Chandra Garg, Deccan Herald Given the depreciating USD, India’s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28.  The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India’s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India’s GDP reached $3.39 trillion in 2022-23 managing to cover only $0.55 trillion. We have a $1.69 trillion distance (three times that of $0.55 trillion) to fathom. The government has not formally pushed back its $5 trillion GDP goal to any particular year. The Chief Economic Adviser (CEA) has talked about 2026-2027. The IMF projects India to go past the $5 trillion mark in 2027-28. The conclusion is clear. India will prosper and develop when the per capita income of average Indian will grow to reach higher middle-income levels, if not the high-income level — and not when its GDP becomes the third largest. Please click here to read more

Subhash Chandra Garg, Deccan Herald, 18 July, 2023, https://www.deccanherald.com/opinion/india-will-soon-become-third-largest-economy-does-it-matter-1238134.html

Tagged with: India GDP Economy Gross Domestic Product International Monetary Fund

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