Economy may take longer to reach $5 trillion target: Sanjeev Sanyal

02 Jul 2021 CW Team

On Wednesday, Sanjeev Sanyal, Principal Economic Advisor, Ministry of Finance, told the media that India's economy is on the mend after the pandemic-induced shocks but it may take an additional year or so to reach the $5 trillion mark.

He said that the economy has begun to recover quickly after the second wave of the Covid-19 pandemic subsided. The GDP growth rate is likely to be positive in the April-June quarter.

If no significant loss from the (possible) third wave of the pandemic is observed in India and vaccination continues at the same speed then economic growth would be seen in the next three-four months, he added.

The government is taking inflation seriously, but there was a need to take cautious measures to control it as economic activities in the nation have just been hopping back after the second wave of the pandemic, Sanyal said.

International rating agencies keep revising their growth estimates about the Indian economy, but there has been no change in the government's viewpoint, he said. The assumption in the budget was that the real growth rate of the Indian economy in the current financial year would be 10.5%, he said. Economic activities are getting momentum, and forecasts about growth rate should not be given much attention, Sanyal added.

Image Source

Also read: Consumer digital economy of India to reach $800 bn by 2030: RedSeer

Also read: Ministry of Finance announces key schemes to boost economy

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..