India must grow at 8% to be $5 trillion economy: CEA

Chief Economic Advisor Krishnamurthy V. Subramanian on Thursday asserted that the Indian economy must grow at a 8 per cent rate over the next five years to achieve Prime Minister Narendra Modi's vision of the country becoming a $5 trillion dollar economy, for which the Economic Survey 2018-19 stresses on investment as the key driver.

While investment remained the only tool to achieve this ambitious target, the CEA provided two options for government and the private sector as to where it can come from.