Let us find approaches of $5 Trillion and $10 Trillion economy on following grounds : -
1) We feel great startup as a nation but reality check and benchmark set by China is 20% year-on-year growth rate not 7-8%.
Excerpts from : - http://business.asiaone.com/news/india-s7-trillion-economy-2025
Only three other countries have breached the US$5 trillion mark after crossing US$2 trillion. The US was the first to do so in 1988 and it took 11 years from 1977 when it was a US$2 trillion dollar economy. Mr Shah pointed out that Japan crossed US$2 trillion in 1986 and grew 2.5 times in nine years. China was the fastest. It took only five years from 2004 to 2009 to go from a US$2 trillion to a US$5 trillion economy.
2) Can we make our approach faster and radical? Let say for reference sake we try make this ( https://www.quora.com/What-strategies-should-the-government-implement-to-make-the-Indian-economy-strong-and-keep-the-growth-constant ) approach faster collectively. Argument is lack of radical approach.
3) Do we have impact startups (which changes the economy in scale and radicality)? This is beyond unicorns. Do we have impact collaboration and impactful ecosystem (eg; many cities do not have ecosystem at all. All they have to do is copy Bangalore ecosystem and startup approach).
If we try to find, we may find out approaches, and make odds in favor. Government is trying for India transformation (may be due to geo political risk or complacency of earlier government) but support from Industry is not radical enough. There is lot of growth pies but most are fighting each other for same pie. Eg; Fintech, Nanotech, Software, Manufacturing, Robotics, Defense, Space, Chip-tech, Precision startups on each etc. Also, technocrats and business folks are not integrated, startups still die because of founder clash.
Let us see if we can radicalize our approach and meet already set benchmark by other nation. When nation has high growth scope and scope for correction of inefficient markets.