5 trillion in 2024, 20 trillion in 2030 ...

- Union Minister Hardeep Singh Puri said last week that the economy was sliding towards ટ્ર 5 trillion.

- Relying on Gig Economy

India's efforts to realize the dream of a five trillion dollar economy are not to be laughed at. India's economic system is improving and it is gaining a reputation in the world as the fastest growing economic system

India's efforts to achieve the dream of a five trillion dollar economy are not to be taken lightly. India's economic system is improving and it is gaining a reputation in the world as the fastest growing economic system. Everyone has the right to dream, but when India dreamed of a five trillion dollar economy, many economists labeled it as Sheikh Challi's idea. Corona virus shattered India's dreams. Yet India continued to strive to realize its પાંચ 5 trillion dream.

Take a look at some statistics here.

1 ... While the foreign exchange reserves of countries like Brazil, South Africa, Turkey and Pakistan are sitting at the bottom, India's forex sector is setting new records. India today has enough forex to cover up to one year of imports. India's foreign debt is 200 billion, while forex is ૬૩૪ 3 billion.

5. India's economic growth rate could increase gradually over the next decade, i.e. by 2020, to become the world's third largest economy after China and the United States.

2 ... India ranks third in the world in terms of purchasing power. But India lags behind in terms of market cap. Japan (approximately ટ્ર 5 trillion) and Germany (approximately ટ્ર 4 trillion).

Although this figure does not mean that India's economy will reach five trillion, it does indicate India's current economic prosperity.

India's economy is moving forward with the dream of a five trillion economy. Although some dreams may not come true, if these dreams come true, it is said that India could make a dent in the world economy. Although the Corona virus has punctured India's economic dreams, the Indian government appears to be very optimistic.

Union Minister Hardeep Singh Puri said last week that India's economy would reach five trillion in 205-6. He had hoped that India's economy would reach 10 trillion by 2020. Very few people seem to agree with Hardeep Singh's hopes for an economic system. As the Corona and the ensuing lockdown have slowed the country's economy. But the Forex Reserve, etc., are supporting the government's dreams.

Hardip Singh's enthusiasm is not up to five trillion but it has reached 10 trillion by 2020. The whole thing is like a dream merchant. India has the fastest growing economy in the world. India's health sector and exports are contributing. India ranks second in the Global Manufacturing Index. India is moving towards achieving its renewable energy target. With India's foreign exchange reserves at the top, the concept of kinetic energy has taken a new wind.

The Union Minister has also given reasons behind his presentation. One of the reasons is the privatization of Air India. He said the government had rescued Air India from the debt trap during the Kovid period. Rising oil prices are a concern for the government. The government is moving towards privatization of Bharat Petroleum. The minister did not say when the privatization of Bharat Petroleum would take place.

Economic experts agree with Hardeep Singh Puri. Everyone says that if the government reduces unemployment, it is possible to achieve the dream of five trillion dollars.

The financial experts who refer to gig walkers are important because they fall into the category of flexible staff. Companies like Amazon, Flipkart, Uber, Ola are creating massive jobs.

These gigs offer more functionality than permanent job seekers and are constantly on the lookout for new jobs. Which, of course, made the video an overnight sensation. His math is towards getting higher salary which makes his life richer. These people want to buy more money by working more hours and also want to learn something new. If they are taught a few technical courses, they can start small businesses.

Some of India's most successful startups in the economic field are welcoming gig workers. Zomato, for example, plans to include 10 percent women in its delivery magazine. Urban companies are also hiring women in its service sector.

Such freelance workers will benefit when the government implements the Social Security Bill passed in 2020. Retail workers in the unorganized sector will receive health insurance benefits. Such laws, however, have to be made mandatory.

He says that with the spread of technology, clerical jobs will decrease but jobs in the service sector will increase.