We Have Surveyed 1500+ Netizens on their opinion on growth of Indian Economy. Basically the Survey about their opinion on PM Modi’s dream to make India $5 Trillion Economy by 2025.
Specifically, we looked at how factors like Covid-19, Demonetization, GST Implementation, Government’s Economic policies and reforms affects the growth of Indian Economy.
With the help of ZohoSurvey, we uncovered some very interesting findings about the opinion of Netizens on Prime Minister Narendra Modi’s target of making India a $5 trillion economy by 2025.
In the last GST Governing Council Meeting, Prime Minister have announced the target of making India a $5 trillion economy by 2025. The target seems very ambitious as only three countries China, USA and Japan have achieved this target so far. India want’s to be next country to be part of this elite $5 trillion economy club.
According to IMF World Economic Outlook Report, 2020, Current nominal GDP of India is about $3.2 trillion and is growing at a rate of -9.6%.
The drastic fall in GDP growth rate is due to Covid-19 and some other policies. As per IMF, China is the only country which have positive growth rate in current problematic situation.
Due to drastic fall in GDP growth rate, this target is unlikely to be achieved before the deadline. After seeing this fall. Even we are not that optimistic about this target.
So, we decided to held survey and ask Netizens about this target. And now it’s time to share what we discovered through our recent survey about economy.
Here is a Summary of Our Key Findings:
We have reached out to more than 1500 Netizens out of them around 100 have registered their opinion in this survey.
Will INDIA Become $5 Trillion Economy?
As per IMF, this target is very difficult to achieve before 2025. But As you can see in the above graph, our 91.40 % Survey Participants are very optimistic about this $5 Trillion economy target and only 8.60% Survey Participants believes that it is an unrealistic target to achieve.
As you can see in the below box , the survey results are quite clear that 91.40% Netizens agree with first option. While 8.60 % Netizens prefer the second option.
Over To You
Now I’d like to hear from you:
What do you think of this Survey’s result?
Do you agree with this results or do you have some doubts just like us ?
Anyways, I learned quite new interesting things from this survey results, and We hope you did too. We’d like to again thank ZohoSurvey for their awesome software that made this research possible.
If you have any questions or doubts regarding this survey please comment below. We will do our best to help you out.