In 2010 - 11 India’s nominal GDP is estimated to be US$1.3 trillion. Assuming 12.4% annual growth (7% real and 5% inflation), India's GDP in 2015 - 16 works out to US$2.3 trillion i.e. an addition of US$1 trillion in the next 5 years.
India’s Next Trillion Dollar Era will see a huge boom in consumption, saving and investment which will throw up several entrepreneurial opportunities. Scenario is very well supported by demographic dividends India has. However there is a need to strengthen physical and social infrastructure ( especially education and health services) so that the benifits can be shared in relatively even proportion.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.