UPPSC 2020 Prelims GS Paper-I · Question 127 of 150

Correct — B, 2024. This tests the Government's much-repeated aspiration, first set out in 2019 (Union Budget 2019-20 and reiterated by the Prime Minister and Finance Ministry), of making India a US$5 trillion economy 'by 2024-25'. That is the target year the examiner is rewarding, so among the options 2024 is correct. It is a political/aspirational goal rather than a statutory or legally binding figure — India's GDP was about US$2.9 trillion in 2019, so reaching US$5 trillion by 2024-25 required sustained double-digit nominal growth; the COVID-19 contraction of 2020-21 made the 2024-25 timeline unrealistic in practice, but the STATED goal remained 2024-25.

• (a)2022 — Wrong — 2022 was the '75 years of independence / New India' aspiration year for many targets (e.g., doubling farmers' income), but the stated US$5 trillion GDP goal was set for 2024-25, not 2022.
• (c)2026 — Wrong — no official statement pegged the US$5 trillion goal to 2026; the announced target year was 2024-25.
• (d)2030 — Wrong — 2030 is the horizon for the UN Sustainable Development Goals (Agenda 2030), not for India's US$5 trillion economy target.

In 2019 the Union Government articulated the aspiration of turning India into a US$5 trillion economy by 2024-25 (Gross Domestic Product measured in current US dollars). It was pitched as a growth vision requiring higher investment, exports, manufacturing and productivity, not a legal commitment. Achieving it needed nominal GDP growth of roughly 11-12% a year from the ~US$2.9 trillion base of 2019.

This is a current-affairs/economy recall item; the safest anchor is the officially announced target year, 2024-25 (option 2024). Do not confuse it with other headline years — 2022 (New India @75), 2030 (SDGs) — which are distractors built from adjacent, well-known target years.

• Target announced in 2019: US$5 trillion GDP by 2024-25 (aspirational, not statutory)
• Base was roughly US$2.9 trillion GDP in 2019, requiring ~double-digit nominal growth
• GDP here is measured in current US dollars (nominal), not PPP terms
• The COVID-19 shock of 2020-21 made the original 2024-25 timeline impractical, though the stated goal remained

• Confusing 2024-25 (the GDP target) with 2022 (New India @75) or 2030 (SDGs)
• Treating the US$5 trillion goal as a legal/statutory commitment rather than an aspiration

UPPSC/UPSC ask this as a straight recall of the announced target year, or bundle it with 'nominal vs PPP GDP' and with other headline target years (2022, 2030).

No directly related past PYQ was found.

• practice — not a real PYQ

  The Government's goal of making India a US$5 trillion economy measures the economy in terms of

  • (a)GDP at purchasing power parity (PPP)
  • (b)nominal GDP in current US dollars
  • (c)per-capita income
  • (d)Gross National Product

  Answer(b) nominal GDP in current US dollars — the US$5 trillion figure is a nominal-dollar target.

• practice — not a real PYQ

  The year 2030 is most closely associated with which of the following?

  • (a)India's US$5 trillion economy target
  • (b)The UN Sustainable Development Goals (Agenda 2030)
  • (c)The New India @75 vision
  • (d)Doubling of farmers' income

  Answer(b) The UN Sustainable Development Goals — Agenda 2030.