Need for Economic Reforms 2.0

The Indian economy has faced a slowdown since the early 2010s, further aggravated by the COVID-19 pandemic. Achieving the goal of a $5 trillion economy by 2025 necessitates further economic reforms.

THEIASHUB
Get an Instant Call Back from Our Expert Mentors Now!
+91

The Indian economy has faced a slowdown since the early 2010s, further aggravated by the COVID-19 pandemic. Achieving the goal of a $5 trillion economy by 2025 necessitates further economic reforms.

Key Reforms for Achieving the Target

  • Simplify and Streamline the Tax System: India ranks 115th out of 190 countries in the ease of paying taxes, according to the World Bank's Ease of Doing Business Report 2022.
  • Boost Manufacturing: Efforts should be made to increase the share of manufacturing in GDP, which currently lags behind other major economies.
  • Increase Foreign Investment: India should strive to improve its attractiveness to foreign investors by creating a conducive investment environment.
  • Encourage Entrepreneurship: Efforts should be made to address the challenges faced by entrepreneurs in starting and scaling businesses.
  • Increase Agricultural Productivity: India's agriculture sector has untapped potential that needs to be harnessed.
  • Invest in Education and Skills: India's human capital quality ranks 116th out of 174 countries, according to the World Economic Forum's Human Capital Index 2020.
  • Promote Exports: India's export performance needs to be enhanced to remain competitive in the global market.

Target of $5 Trillion Economy by 2025

The goal of achieving a $5 trillion economy by 2025 was set by the Government of India to propel the country's economic growth. To reach this target, several areas of focus have been identified:

  • Infrastructure Development: Massive investments in infrastructure are planned to create employment opportunities, attract foreign investment, and improve productivity.
  • Digital Transformation: Promoting digitalization across sectors can drive innovation, improve efficiency, and create new business opportunities.
  • Skill Development: Skilling programs aim to create a skilled workforce capable of meeting industry demands and contributing to economic growth.
  • Promoting Entrepreneurship: Support for entrepreneurs through access to funding, mentorship, and resources can foster innovation and create new business ventures.
  • Ease of Doing Business: Simplifying regulations, reducing bureaucratic hurdles, and streamlining processes to improve the ease of doing business in India.

Schemes Launched by the Government

The Government of India has implemented several economic programs to promote growth, development, and social welfare. Some notable programs include:

  • Make in India: Launched in 2014 to promote manufacturing and attract foreign investment.
  • Digital India: Launched in 2015 to transform India into a digitally empowered society and knowledge economy.
  • Skill India: Launched in 2015 to provide skill training and vocational education to the youth.
  • Pradhan Mantri Jan Dhan Yojana: Launched in 2014 to promote financial inclusion and provide banking services to all.
  • Atmanirbhar Bharat Abhiyan: Launched in 2020 to promote self-reliance and self-sufficiency in various sectors.

While achieving the $5 trillion economy target is challenging, the government continues to implement reforms and measures to boost economic growth and development in India.



UPSC QEP 2026 Batch 5 - English
UPSC QEP 2026 Batch 5 - English
Buy now View Details
Submit Your Details to Learn More
I agree to give my consent to receive updates through SMS/Email & WhatsApp*.

NEEV GS + CSAT Foundation 2026/27
NEEV GS + CSAT Foundation 2026/27
Buy now View Details



Join theIAShub’s Mains Answer Writing Program

Refine your answer writing skills and elevate your UPSC preparation with personalized support and expert feedback.

Fill out the form to get started with the program or any other enquiries !

I agree to give my consent to receive updates through SMS/Email & WhatsApp*.

Best IAS Coaching In Delhi, UPSC Online & Offline Classes by IAShub

Are you dreaming of becoming an IAS officer? Then, IAShub can be your best guide. It is one of the Best IAS Coaching in Delhi. Many students who want to clear the UPSC exam join IAShub for learning. The institute gives both online and offline classes. Their teachers are experienced and helpful. They easily explain every topic. Students also get notes, tests, and tips to do well in the exam.

UPSC Online Classes by IAShub

IAShub is in Delhi and is trusted by many UPSC students. It offers coaching for every part of the UPSC exam – Prelims, Mains, and Interview. The classes are simple and easy to understand. The teachers are experts and guide students in the right way. IAShub is also known for its helpful notes, test series, and answer-writing practice. IAShub is the best coaching in Delhi and also gives UPSC Online Classes. This helps students from any place in India to learn. The online classes are live and also recorded. So, students can watch them anytime. These classes cover the full UPSC syllabus.

Key Offerings Provided by IAShub

Here are some important services provided by IAShub:

  • UPSC Prelims: IAShub teaches for Prelims with a focus on basics. It also gives daily current affairs and monthly magazines.
  • Classroom Courses: IAShub has classroom learning for students in Delhi. The environment is good and peaceful for study.
  • Live Classes: Students who live far can join live UPSC online classes. These classes are just like real classes.
  • QEP for Mains: The Quality Enrichment Program (QEP) is special for Mains preparation. It helps students write better and faster.
  • Answer Writing: Regular answer writing practice is given. Teachers also check answers and give tips to improve.
  • Free Resource: IAShub gives free notes by toppers and helpful Main Booster material.
  • Test Series: Test series are available for every subject. These help students know their weak points and improve.
  • Interview Guidance Session: IAShub also gives interview practice sessions with experts. These help students feel confident.

UPSC Exam Overview

The UPSC Civil Services Exam has three parts:

  • Prelims: It has two papers: General Studies and CSAT.
  • Mains: It has nine papers, including essays and optional subjects.
  • Interview: It tests the personality and confidence of the student.

This exam is tough, but with the right guidance, it becomes easy to manage. Students must study smart and stay regular.

How IAShub Helps in the UPSC Journey

IAShub supports students from the beginning to the end. It gives the right books, tests, and notes. The classes are easy to follow, and the teachers are always ready to help. Students get personal doubt sessions too. The test series and answer checking help students learn where they need to do better. Also, free study materials save time and money.
IAShub also guides students during the final stage – the interview. Experts take mock interviews and give useful tips. This full support makes IAShub one of the best IAS coaching in Delhi.

Best IAS Coaching In Delhi FAQs

Yes, IAShub offers live and recorded online classes. Students can attend from any part of India.

Classes are available in both English and Hindi, so students can choose the language they are comfortable with.

The classroom centre is located in Delhi. Students can visit and join offline batches there.

IAShub gives interview guidance sessions to help students prepare for the final round of UPSC.