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RajivePrathap 50M
2722 posts
10/19/2014 8:24 am

Last Read:
10/31/2014 10:47 am

INDIA poised to become a US$2 trillion this year & GDP size to cross $3 trillion by 2019.


Narendra Modi's taking over as the Prime Minister of India certainly boosted confidence levels in industry and foreign investors. International Monetary Fund in it's World economic outlook came out with a rosy picture for India forecasting that it is poised to become a US$ 2 trillion economy this year, while GDP size would cross another milestone of $3 trillion by 2019, taking it to the seventh largest of world economies from it's present 10th position.

US still leads at number one level with $17.42 with it expected reach $22.15 trillion by 2019; while stands at number 2 with $15.52 trillion expected to touch $15.52 trillion. Japan stands at 3rd, expected to touch $5.43 trillion, Germany the 4th to touch $4.55 trillion, UK at 5th to touch $3.7 trillion and France at 6th to touch $3.39 trillion. The seventh place would go to India by 2019, India will surpass Russia, Brazil and Italy in 2014 itself.

For the first time after 2 years, the growth is expected to exceed 5%, thanks the structural reforms being brought by the present government.

Well done...India, you can do still better.

.

FACTS SUSTAIN.TRUTH PREVAILS.I FOLLOW LORD KRISHNA's 108 COUNT. AFTER THAT NO MORE.