After coming to power for the second term, the Modi government and the prime minister are claiming that they will achieve the target of 5 trillion dollars economy by 2024 . In fact the prime minister on his independence day address to the nation said that India will be a 5 trillion dollar economy by 2024, but reality appears to be something different. The fact that Indian economy is in the state of free fall, cannot be ignored. The resent date released by nsso is the indication of slowdown. But, the government appears to be in denial mode ,In fact government is shying away from its own data. The GDP growth rate have declined to 5% from 8%. Almost all major sectors including telecom, Real estate, FMCG etc are badly hit by the slowdown. India needs double digit growth rate to achieve it's target in contrast present growth rate is only 5%. Therefore government needs to jumpstart the economy, provide more incentives to the middle class so that they can spend and create demand in the market.