$5 Trillion  

From rising stock prices to mega deals to public offerings, according to Forbes magazine, the world's wealthiest are $5 trillion richer than they were a year ago.

In 2020 while people across the world were coping with the Coronavirus pandemic, data now reveals that on average a new billionaire was being created every 17 hours.
 
 Here is the list of India' richest businessmen.
 

Nirmala Sitharaman also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far 

Prime Minister emphasised that to fulfill the dream$ 5 trillion economy the government is focussing on village and city infrastructure, MSMEs, textiles, technology and tourism. Several steps have been taken to take all these sectors forward. All the processes including tax structure have been simplified to give momentum to Make in India.

It was over five quarters ago when the slowdown gradually began creeping into our economy. Schemes such as Make in India should be encouraged as they will help India reduce unemployment and also increase our exports. Our GDP is $ 2.6 trillion, so reaching a $ 5 trillion economy isn’t unrealistic.
 

The Vice President of India, M Venkaiah Naidu expressed confidence that the Indian economy would rebound in the near future saying that the current slowdown was cyclical. Inaugurating the 102nd annual conference of the Indian Economic Association on December 27th, he said it was true that the Indian economy was facing some challenges due to the decline in growth this fiscal. However, he said the country had faced similar slumps in the past in the wake of the East Asian financial crisis and global slowdown but bounced back with a higher growth rate every time.

Recent reports suggest that there are specific intelligence inputs that PM Modi will be assassinated on December 22 when he addresses a large gathering at the Ramlila Maidan Rally in New Delhi. A Jaipur court has awarded death sentence to all four convicts in the 2008 Jaipur bomb blasts case. The convicts are identified as Sarvar Aazmi, Mohammad Saif, Saifur Rahman and Salman. Do not miss the headlines of the day on MyNation in 100 seconds.
 

Narendra Modi said that the Indian economy can aim to achieve $5 trillion economy. He added that our country has strengthened itself in the last five years to achieve such goals.
 

India’s remarkable jump in World Bank’s Ease of Doing Business Report 2020 India ranks 63rd among 190 countries improving by 14 ranks from its rank of 77 in 2019. India has improved its rank in 7 out of 10 indicators and has moved closer to international best practices. The 2020 edition of the Report acknowledges India as one of the top 10 improvers, third time in a row, with an improvement of 67 ranks in 3 years. It is also the highest jump by any large country since 2011.

On October 15 while Delivering a lecture at the prestigious Columbia University's School of International and Public Affairs, Finance Minister Nirmala Sitharaman said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Dr. Manmohan Singh responded to this comment of Sithraman and said that this government should stop blaming the opponents and focus on solving the issue. “This government has now been in office for five years. It should have learnt from our mistakes and provided a credible solution for the economy. Watch The Video For More Updates.

Prime Minister Narendra Modi gave a befitting reply to the opposition over comments on economic slowdown. PM Modi stated that the government was committed to making India a $ 5 trillion economy. 

Why the President of the World Economic Forum thinks that the stage is set for India to realize its vision of becoming a $5-trillion economy in the next half-decade.Watch the video to know what Borge Brende, also a member of the forum's Managing Board, in an opinion piece for Prime Minister Narendra Modi’s website said about PM Modi's Dream of 5 Trillion Dollar Economy.

 According to a communication by the finance ministry to the heads of Public Sector Banks (PSBs), it will be a bottom-up consultative process from the branch level onwards which will involve discussions at the branch or regional level, state level and national level

The Budget for 2019-20 lays down a roadmap for nearly doubling the size of the Indian economy to USD 5 trillion in five years by raising per capita income, boosting consumption and increasing productivity, said PM Modi.

 

"Size of the cake matters. The larger the cake, larger pieces are what people will get. So we have set a target of making India a USD 5 trillion economy. Larger the size of the economy will be, the larger the prosperity will it bring for the country," PM Modi said.
 

The Union Budget ignites a spirit of hope that India can become a $5 trillion economy in the coming years, Amit Shah said