← The Record · Narendra Modi · 2019-2020 (repeated)
Narendra Modi
Prime Minister · BJP · Multiple addresses and Budget framing
“India will become a USD 5 trillion economy by 2024-25.” — Narendra Modi, 2019-2020 (repeated)
A specific, dated, measurable target — and it was missed by a wide margin. India's nominal GDP was roughly USD 3.9-4.1 trillion in 2024-25, not 5 trillion; the IMF and domestic estimates now push the 5-trillion mark toward the late 2020s. Independent and mainstream coverage (The Wire, Scroll, Business Standard, ToI) all record the target as unmet.
Evidence
- https://timesofindia.indiatimes.com/toi-plus/business-economy/why-india-missed-the-5-trillion-gdp-target/articleshow/131633897.cms
- https://www.business-standard.com/economy/news/imf-india-5-trillion-economy-goal-may-take-longer-explained-125112700824_1.html
- https://www.mospi.gov.in/sites/default/files/press_release/NAD_PR_30may2025.pdf
Verdict scale
| false | Contradicted by the evidence. |
| misleading | Technically defensible words used to create a false impression. |
| mixed | Part true, part not; important context changes the picture. |
| mostly-true | Accurate in substance; minor caveats. |
| true | Statement is accurate and in context. |
| unverified | Not yet established either way; shown as pending. |