Can India GDP hit 7.3 Trillion$ in 2022?????

[zip]

It will be around 5 trillion $ ..

 

[xuxu1457]

if exchange rate increase 50% in value, can hit 6trillion $ in 2012, Rs exchange rate decreased 20% during the past 2years

 

[JayAtl]

And what about the population?

Don - my suggestion is you stay out of this conversation. You are your own client ( on economic knowledge) and as they say " a defendant who has himself as his /her client, has a fool for an attorney" .

 

[Jade]

And what about the population?

Population would also grow but as the growth of GDP(7%) is greater than the growth of the population(2%), the population would be richer than they are today.

if exchange rate increase 50% in value, can hit 6trillion $ in 2012, Rs exchange rate decreased 20% during the past 2years

When calculating the GDP (Nominal), IMF also takes currency risk into consideration. So the figures are all inclusive.

 

[JayAtl]

Population would also grow but as the growth of GDP(7%) is greater than the growth of the population(2%), the population would be richer than they are today.

that's not what he was trying to say, although incorrectly( he is trying to throw anything negative and hope it sticks). in his mind the population growth would affect GDP negatively.

 

[Pakchina]

Due to the current Eurozone crisis and world recession and the fact that Shameful Scatland has abyssal deficit and a growth rate at below 5% that is no growth at all for a developing country, Shameful India would hit trillion but negative 7.3 Trillion $ or at best 7.3 Trillion but in Rupees.

 

[TopCat]

3 TN best. Could be less.

 

[INDIC]

$5-5.5 Trillion is possible. Reaching the figure of 7 trillion is not possible.

 

[fallstuff]

What is the current growth and what is the forecast for the next fiscal year ? Anything beyond that is highly speculative.

 

[IndoCarib]

Even the pessimists say with the present low growth rate India’s GDP will top $5 trillion by 2020.

India GDP Growth At Stall Speed...Til 2015 - Forbes

 

[karan21]

Maximum 6 trillion, Btw india will take natural path of economic development unlike China :p
India is a capitalistic and fast emerging manufacturing economy. It will only get better with time.

 

[Bhai Zakir]

US$ 7.3 trillion is very much possible.

India doubles its GDP with in each 5 years.

For example:

Indian GDP crossed the $1.0 trillion mark in FY 2007-08 and it is now a $ 1.8 trillion economy.

 

[Bhai Zakir]

One must remember that Economy consists of:

- Agricultural sector contribute 28.6% to the GDP (which is growing at good rate)

- Manufacturing sector contribute 14.6% to the GDP (The govt.'s prime focus is on this sector to boost its growth)

- Service sector contribute 57.2% to the GDP (This is the cream of Indian GDP and still growing at good rate)

- The worst performing and the most populous state of India like UP, Bihar, MP, Rajasthan are now growing at very good rate and their GDP is expanding rapidly.

This will further accelerate India's GDP at a rocket speed.

 

[jetti]

I think India can hit 3-4trillion $ in 2022

india will hit 20t. because in 2022. china wil pay tribute to india.

 

[Splurgenxs]

Indian Currency can vary anywhere between 4 trillion to 8 trillion.


Points to equate into ur estimates.

-India has a free market currency as compared to a heavily regulated and manipulated in CHina .
the INR will start a very steep strengthening phase some where in the mid growth cycle if some strict measures aren't taken as more foreign inflows come in. (this could throw the the currency closer to the PPP based valuations and tht is 4 trillion+ as of 2012)
to add to that , America will try its best to make Indian commodities less competitive and (US commodities more inside the Indian market) with more Inflows hence in turn strengthening the INR further...

- a stable 7-8% is the best average tht India will muster over the next 10 years. Lower land mass and Legal constrains will keep the growth at a maximum manageable rate of 8%.imo i don't see it going any higher nor should it.

-India has a high probability of consolidating its large foreign information pool in the form of educated migrants coming back during this rising phase ,throwing a lot of uncertainty of what kind of growth India could have but all positive.

there are many more solid underlying factors tht could drastically chance the scenario for better or fr worse.


If people dont start blowing up left and right ,this is the worst India can do right now and that is 5.3%.
I don't see it dropping any further , even if the govt wants it ,it couldn't, given the entrepreneurial forces within the markets of India.