Right now, with India’s economy spiraling downwards, it seems not possible but let us look back at our own history. India’s economy was making big news in the international media and investment poured in. For the sake of pure arithmetic, assume US inflation is zero, India’s inflation is 10 per cent, and India’s real growth rate is 0. In short, there are two routes: A huge policy initiative to boost real growth or the luck of a dollar depreciation. This article first appeared in the print edition on February 18, 2020 under the title “Economic Graffiti: The $5 trillion arithmetic.”Opinion: Budget 2020 framed a strategy of moving towards a $5 trillion economy over the next five years📣 The Indian Express is now on Telegram.

Source: Indian Express February 17, 2020 19:11 UTC