Chief Economic Advisor V Anantha Nageswaran said that India can become a $5 trillion economy by FY26 or FY27 if it continues to attain 8% real GDP growth rate. According to government estimates, India's economy is projected to grow at 9.2% and 8-8.5% in FY22, FY23. International Monetary Fund projects India's GDP to grow at 9% in FY22 and FY23.