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India going to be $10 trillion economy
India going to be $10 trillion economy
Economy

India going to be $10 trillion economy

Pennews

India will be 10 trillion dollar economy by 2030 with an average annual real GDP growth of 7.6 per cent, top economists and policymakers said at the 50th SKOCH Summit here on Wednesday.

“Real GDP growth rate of 7.6 per cent per annum is a desirable target, but will be difficult to reach without deep structural reforms,” said Indira Rajaraman, senior economist.

Country’s GDP is estimated at 2.6 trillion dollars in the current year at average official exchange rate.

India can become a 10 trillion dollar economy with a nominal growth rate of 11.9 per cent in dollar terms.

With 4 per cent inflation and stable exchange rate, an average annual growth rate of 7.6 per cent would take the economy to 10 trillion dollar by 2030, he said.