Economic Relief 2024 Program Update In India. It also recommends trade reforms to boost. India is expected to become the world's third largest economy in the next five years and a developed nation by 2047, according to the world economic forum.

The world bank forecasts india’s gdp to grow at 7 percent in fy24/25 and remain strong in the medium term, despite subdued global growth. It also proposes tax relief, customs duty reduction, natural farming, space economy and rural development initiatives.