Finally, we are a $5 trillion economy!

It's not everyday that you get news buried deep, almost hidden, like it has been today. But the fact that India became a $5 trillion economy very late last night - three years before GoI's pre-Covid target and four years before the chief economic adviser's post-Covid estimation made this February - is, as the technical term in econometrics goes, amazing. So, why has it been clearly kept under wraps?

For one, GoI is not keen to confirm the happy milestone yet. For another, the usual suspects who trash everything the government says are not comfortable to spill the beans, especially beans that show the Indian economy in a darned good light.

The fact that no earth-shattering change has happened overnight since the country 'went $5 trillion' may be one reason why GoI may plan to ease everyone into the happy tidings, rather than do what it usually does: hashtag away. Being the third-largest economy in the world should, in an ideal world, show immediately.


But, alas, it takes time, arguably longer than it does to become one. Be that as it may, remember two things: one, you read it first here, and any doubts should be cleared by the fact that you already sincerely believe what we have just said. Two, it is the first day of the month of April, traditionally known as April Fool's Day, when fake news is treated with the fun and frolic it deserves.