Context: The road to a $5 trillion economy by 2025 is beset with many speed-breakers, the NITI Aayog has warned the government.

What is a $5-trillion economy?

Essentially $5-trillion economy is the size of an economy as measured by the annual Gross Domestic Product (GDP). 

What it needs?

1. Apart from the monetary definition, a $ 5 Trillion Economy calls for pulling all the economic growth levers—investment, consumption, exports, and across all the three sectors of agriculture, manufacturing and services.
2. It also means improving all three sectors of the economy, India will more likely achieve its ambitious Sustainable Developmental Goals (SDGs).

Present state:

In 2014, India’s GDP was $1.85 trillion. Today it is $2.7 trillion and India is the sixth-largest economy in the world.

Essentially the reference is to the size of an economy as measured by the annual GDP.

Are Indians the sixth-richest people in the world?

No. That India is the sixth-largest economy does not necessarily imply that Indians are the sixth-richest people on the planet.

GDP per capita gives a better sense of how an average resident of an economy might be fairing. It reveals a very different, and indeed a more accurate picture of the level of prosperity in the respective economies.