New Delhi, Jan. 31 -- Revolutionary Socialist Party (RSP) Member Pariliament NK Premachandran has raised concerns over India's current economic trajectory, describing the fiscal situation as "alarming".

Speaking on the economic outlook, Premachandran questioned the government's ability to achieve its ambitious growth targets.

"The country is going to become a $5 trillion economy and is on track to become the 3rd largest and fastest-growing economy in the world... But the second quarter of this fiscal year has just a 5.4% economic growth rate," Premachandran noted.

He expressed skepticism about the feasibility of meeting the 7% GDP growth target, which is deemed essential to achieve the $5 trillion economy by 2030.

Premachandran also p...