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India will be a $2-trillion economy in the next five years

suniljain's picture
Submitted by suniljain on November 17, 2009 - 11:24

Enam Securities head-research, Nandan Chakraborty, and economist
Sachchidanand Shukla said: India will be a $2-trillion economy in the
next five years as its GDP growth is likely to average at 12 per cent
in nominal terms powered by a huge consumption demand, Enam Securities
has said.

"India's GDP is likely to grow at (an) average 12 per cent in
nominal terms. Hence, India will be a $2-trillion economy by 2014-15,"  .

News URL:  http://business.rediff.com/report/2009/nov/16/india-to-be-2-trillion-dol...

»
Submitted by ATUL DESAI on December 1, 2009 - 12:59. #

I do not understand as to how India can be a $2.00 trillion by 2014 looking to the present at $55bn far lower to USA and china. Trembling to even hold Asian games leave aside Olympics.

 

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