Former prime minister Manmohan Singh on Thursday said that he does not think there is "any hope" of the Indian economy reaching the target of five trillion dollars by 2024 as the growth rate is "declining year after year".

"I have said this publicly before that to reach a goal of five trillion dollar by 2024, as against 2.7 trillion dollar that we had in 2018, would require a growth rate of 10-12 per cent per annum. What is happening in BJP regime is that the government is faced with prospect of a declining rate of growth year after year," Singh said while addressing a press conference here.