New Delhi, Nov. 20 -- The finance ministry said on Monday that India is on track to reach the $5 trillion target by 2025, and although the economy has slowed down, it is still projected to grow at the fastest pace among G20 nations this year.

In a written response to a question in the Lok Sabha, finance minister Nirmala Sitharaman said that despite some recent deceleration in growth, India's economy is still projected by the International Monetary Fund's World Economic Outlook of October 2019 to grow at the fastest rate in 2019-20 among G20 countries.

"(The) Government has been taking several measures to address moderate levels of fixed investment rate in the economy, plateauing of private consumption rate and a modest export performance,...