Five Trillion Economy- A Distant Dream or Near Possibility for India

India is a progressive nation and rightly holds its graceful position among emerging nations. It has completed 75 years postindependence. It has successfully overcome colonial hangover and crossed milestones in cultural enrichment, science and technology, business, entertainment, sports and medical practices. Economy faced transition from soviet style central command approach to market driven liberal nation. It improved on ease of doing business over the years. It faced technological boom supported by seamless telecom service, digital India movement, e-commerce expansion and rapid progress of startup activities. The macro-economic fundamentals remained strong and economy showed resilience during testing time such as financial meltdown in 2008, demonetization in 2016, trade war driven recession in 2019 and pandemic in 2020. But all are not rosy about Indian economic scenario. Economy faced stagnancy due to inadequacy in labour reform, slackness in land reform, and infrastructural deficiency. Few noteworthy moves by NDA government paved way for economic progress such as launch of Goods and Service Tax(GST), insolvency and bankruptcy code, the Benami Transactions (Prohibition) Act etc. As India completed 75 years in 2022, the hope is high about India's progressive journey forward despite deficiency in infrastructure, legal system, land acquisition, labor reform and utilization in labor resources