India can be $8 trillion economy in less than 15 yrs: Panagariya

[migflug]

Bigger than 8 trillion if we manage to grow at 8% annum for 15 years. Take account of inflation ,rupee dollar ratio etc

 

[Vyom]

whats that ?? I thought pak was only an atomic kuwat...

Nope bro, they have roohani taqat, that has helped them become the world bestest country. having reached the epitome of civilization.

 

[HariPrasad]

With higher savings rate and robust economic growth, India can become a $ eight trillion economy in less than 15 years, overtaking Japan to become according to Arvind Panagariya, Vice Chairman, NITI Aayog.

The prospects for India to become the third largest economy of the world, placing it above Japan, in less than fifteen years are excellent today, Panagariya said delivering sixth R. K. Talwar Memorial Lecture organized. The lecture was organised by Indian Institute of banking and Finance (IIBF) here.

Taking into account the real appreciation of the rupee, during the decade of 2003-04 to 2012-13, India has grown above 10 percent per annum in real dollars. At this pace, India can turn its current $ two trillion economy at 2014-15 prices into $ eight trillion in fifteen years or less.

“Can India grow at the rate it grew during 2003-04 to 2012-13? The answer is a resounding yes. The savings rate remains nearly 30 percent of the GDP with prospects to rise above 35 percent, a level reached in 2007-08”, NITI Aayogchief asserted.

India has a young population so that labour shortages will not be an impediment to growth. India also remains an open, competitive economy. The per-capita income being low, India is far from the global technology frontier so that India has a lot of scope to catch up.

Above all, the country has a highly motivated and responsive government at the center and governments in numerous states that are in a race with each other to move the nation forward at a brisk pace, he said.


India can be $8 trillion economy in less than 15 yrs: Panagariya | Business Standard News

India shall be a 10 Bn economy in 10 years. 9% economic growth rate and 6% currany appreciation every year.

 

[Skywalker]

Pakistani scientists are working on to reach kashmir..

No sir our scientists have already surpassed it and already reached Assam, and the locals recently sent twenty aliens to hell, now the scientists are working hard to reach Nagaland.

try making a lawnmower engine first. and your roohani taqat, and Saaaeencedaans have made you the bestest economy on the planet isnt it !!!

We buy the lawn movers of the shelves so that we can use them into our gardens, but what would you do that, must be an alien thing for most of the Indians.

 

[P.K.]

No sir our scientists have already surpassed it and already reached Assam, and the locals recently sent twenty aliens to hell, now the scientists are working hard to reach Nagaland.

So in Pakistan you are told these people are Scientists ?

 

[Vyom]

We buy the lawn movers of the shelves so that we can use them into our gardens, but what would you do that, must be an alien thing for most of the Indians.

You buy Chinese lawnmowers off the self, name one facility that produces Pakistani Mopeds adn motors . you haev none. and becoming a booming economy. forget that do you have one single company that is able make a generator of 200+ MW rating ? or Steam Turbine manufacturing facility ? nope none. you don't even have a Automobile manufacturer. cannot make petrol engines and you talk big.

 

[Paranoid Android]

No sir our scientists have already surpassed it and already reached Assam, and the locals recently sent twenty aliens to hell, now the scientists are working hard to reach Nagaland.


We buy the lawn movers of the shelves so that we can use them into our gardens, but what would you do that, must be an alien thing for most of the Indians.

Thanks for being honest & not taking credit for other's success.

 

[Luca1]

India shall be a 10 Bn economy in 10 years. 9% economic growth rate and 6% currany appreciation every year.

Don't forget recalculation method. That should boost it up another 20%

 

[gslv mk3]

We buy the lawn movers of the shelves so that we can use them into our gardens, but what would you do that, must be an alien thing for most of the Indians.

We do manufacture them,unlike you guys...

 

[Echo_419]

Patent infringement and copy right theft talking about copy paste technology.

85% of the World's HIV/AIDS Antiretroviral Drugs Made in India

Merck Sues Glenmark Pharmaceuticals Over India Patent Infringement | Thought leadership and innovation for the Pharmaceutical Industry - EyeforPharma

Wake up call for Indian pharma – The Financial Express

India's Lawless War on Intellectual Property - WSJ

How is your Water car coming up

 

[Nicky G]

That's on current valuation @ 8% growth. Factoring inflation and appreciation in the Rupee, the figure would b much higher.

We can obviously do much better. For one, if a federal land bill seems to be a problem, let the states decide. Naturally any state that wishes to progress will adopt such measures. Those which don't will be left behind. GST is critical and I dearly hope we see it passed soon.

 

[TianyaTaiwan]

Incredible India!

 

[ito]

What is this vedic mathematics many keep speaking of?



India can't grow as fast as China. This is due to several factors:
1) India lacks toilets
2) The caste system
3) Red tape
4) Corruption
5) Democracy
6) Highly UN-educated, UN-skilled workforce
7) Bad karma

You should question that to IMF on why it projected India to grow faster than China. They are better placed to answer this question than me. If you are not satisfied and cannot understand, I am always there to explain that to you.

India to grow faster than China by 2016-17: IMF | Business Standard News

On Vedic Mathematics, it is also called Indian Mathematics...

Indian mathematics - Wikipedia, the free encyclopedia

So of the biggest contribution of Indian Mathematics is inventing 'Zero', decimal system, solution to quadratic equations, calculation of Sqrt(2), combinatorics, trigonometric functions etc...

 

[Skull and Bones]

India shall be a 10 Bn economy in 10 years. 9% economic growth rate and 6% currany appreciation every year.

Make that 15 years.

 

[farhan_9909]

Under modi it is not possible