India has emerged as one of the fastest growing economies of the world and is expected to become one of the top three economic powers over a period of 10-15 years, with the support of good governance, strong democracy and efficient partnerships. The country has grown at more than 7.4 per cent (average) in the last few years with significant improvements in the macro-economic environment. Inflation is contained and fiscal consolidation is on the right path. In the recent years, on an average, CPI stood at 3.8 per cent, fiscal deficit remained at 3.5 per cent, current account deficit stood at the level of 1.7 per cent. The foreign exchange reserves touched a record high of USD 434 billion recently.The labour force of India is expected to touch 160-170 million by 2020. This will depend largely upon the rate of population growth, increased labour participation, and higher education enrollment, skilled labour and efficient human resource, among many other factors. Our country is said to emerge as USD 5 trillion economy by 2024.