<h1>India Aims to Be Third Largest Economy by 2043 with 10 Key Economic Strategies for Growth and Stability.</h1> The Union Finance Minister outlined a vision for India to become the third largest economy by 2043, emphasizing the need for responsible economic management. Ten key steps were proposed: achieving a fiscal deficit target of 3% by 2016-17, encouraging foreign investment to finance the current account deficit, balancing inflation with growth, implementing financial sector reforms, enhancing infrastructure through PPP models, focusing on manufacturing and export incentives, rationalizing subsidies, addressing urban decay, prioritizing skill development, and sharing fiscal responsibilities between the states and the central government to allocate resources effectively.