India To Become $10 Trillion Economy by 2026

[fsayed]

@nair @proud_indian @Roybot @jbgt90 @Sergi @Water Car Engineer @dadeechi @kurup @Rain Man @kaykay @Abingdonboy @SR-91 @nang2 @Stephen Cohen @anant_s

@jbgt90 @ranjeet @4GTejasBVR @The_Showstopper @guest11 @ranjeet

@GURU DUTT

 

[dray]

@nair @proud_indian @Roybot @jbgt90 @Sergi @Water Car Engineer @dadeechi @kurup @Rain Man @kaykay @Abingdonboy @SR-91 @nang2 @Stephen Cohen @anant_s

@jbgt90 @ranjeet @4GTejasBVR @The_Showstopper @guest11 @ranjeet

@GURU DUTT

That's possible, and will happen if the current government is re-elected in 2019.

 

[fsayed]

That's possible, and will happen if the current government is re-elected in 2019.

Government can be anybody but reforms and policies should b continue

 

[temporary12345]

That's possible, and will happen if the current government is re-elected in 2019.

To become $10 Trillion economy by 2026, India need a nominal growth rate of 15.34%. Barring an unforseen devaluation of Rupee ,as happened in 2011-14 when economy in dollar term was stagnant, India should easily attain this.

 

[temporary12345]

Government can be anybody but reforms and policies should b continue

Except the dole party of bastards -Congress- not only does not reform, but actively destroys whatever is created by others. My biggest proof: Jairam ramesh.

 

[Muhammad Omar]

To become $10 Billion economy by 2026, India need a nominal growth rate of 15.34%. Barring an unforseen devaluation of Rupee ,as happened in 2011-14 when economy in dollar term was stagnant, India should easily attain this.

$10 Trillion economy

 

[HypocriteHunter]

Government can be anybody but reforms and policies should b continue

I know you got serious hatred with Modi and BJP, I was just waiting for your new corruption expose, like you did on Adani, remember? I love that how you calculated $20 Billion corruption scandal. I am just waiting for more such bombastic analysis.

To become $10 Billion economy by 2026, India need a nominal growth rate of 15.34%. Barring an unforseen devaluation of Rupee ,as happened in 2011-14 when economy in dollar term was stagnant, India should easily attain this.

Firstly, Devaluation of currency is not the reason for growth rate slowdown. Infact the devaluation helps in export, if you want to see the example see China, how they are driving their exports by constant devaluation of currency.

Secondly the currency devaluation is scientific and not arbitrary, its monitored closely by RBI and not happen automatically, RBI intervenes if they find currency is devalued more than the limit. There is set of variable that decides the currency exchange rate. Our currency even at the rate of 66 is overvalued. It will attain the optimum level at around 70 and its all scientific and done with keeping the other currencies in mind.


And no we are not going to be $10 Trillion economy in 10 years, at max $6 Trillion however in next 16 years we can be $10 Trillion economy.

 

[fsayed]

I know you got serious hatred with Modi and BJP, I was just waiting for your new corruption expose, like you did on Adani, remember? I love that how you calculated $20 Billion corruption scandal. I am just waiting for more such bombastic analysis.

I love my india not Mr modi it's not personally on political views I have opened thread on metrino which will b bjp project which is good one
For india I can serve my life

 

[HypocriteHunter]

I love my india not Mr modi it's not personally on political views I have opened thread on metrino which will b bjp project which is good one
For india I can serve my life

I will be more than happy to die with you for my country but you are not helping India by blind hatred to a particular person. That Adani Dal corruption scandal was hilarious and most pathetic piece of work. Whoever is misleading people by blindly copying BJP or Congress or AAP is doing more harm to India.

You can hate people, everyone do, just dont give up your mind and logical thinking in that hatred, it will do more harm to India and Indian human resources, dont let your brilliant mind wasted. Every beautiful mind matter to India.

 

[That Guy]

Doubt it, there is little reason to believe that India can achieve $10 trillion by 2026, even by 2036. I'd say that India will reach $10 trillion sometime between 2045-55, not before and not after.

 

[HypocriteHunter]

Doubt it, there is little reason to believe that India can achieve $10 trillion by 2026, even by 2036. I'd say that India will reach $10 trillion sometime between 2045-55, not before and not after.

2045-2050!!!! I am so glad you didnt say 2150, now will you mind to share you exceptional analysis which beat bloomberg, financial times and every other financial agency in world by almost 15 years! What will be average growth rate according to you? 5%? I hope you know you are talking about economy of India and not Pakistan.

 

[That Guy]

2045-2050!!!! I am so glad you didnt say 2150, now will you mind to share you exceptional analysis which beat bloomberg, financial times and every other financial agency in world by almost 15 years! What will be average growth rate according to you? 5%? I hope you know you are talking about economy of India and not Pakistan.

Because financial agencies don't say India will achieve a 10 trillion dollar nominal GDP by 2026. According to IMF data, in terms of nominal GDP, India's economy in 2015 was $2.18 trillion. By 2020, India's economy should be $3.44 trillion, and you're telling me that within 2020-26, India's economy will grow by $6.6 trillion (within 6-7 years time); that's $1 trillion growth a year, no way any nation can achieve that.

http://statisticstimes.com/economy/projected-world-gdp-ranking.php

The closest thing to $10 trillion dollars is in terms of PPP, and has probably already achieved it, as it was a little over $8 trillion last FY.

 

[HypocriteHunter]

Because financial agencies don't say India will achieve a 10 trillion dollar nominal GDP by 2026. According to IMF data, in terms of nominal GDP, India's economy in 2015 was $2.18 trillion. By 2020, India's economy should be $3.44 trillion, and you're telling me that within 2020-26, India's economy will grow by $6.6 trillion (within 6-7 years time); that's $1 trillion growth a year, no way any nation can achieve that.

The closest thing to $10 trillion dollars is in terms of PPP, and has probably already achieved it, as it was a little over $8 trillion last FY.

I said something different if you read above, I said it will take around 16 years considering the growth trajectory India is on. You are saying it will take 30 years!!!

 

[HypocriteHunter]

You are incorrect, economy behaves like cells if growing with pace it multiplies quickly because of opening up of multiple venues for ordinary folks so if a personal was selling tea outside of a office and if that office grows by 40-50% by end of year the tea stall will become a make shift dabha with lots of new dhabas nearby thats how economy grows more employment more revenue more productivity more GDP. So if an economy is already 5-6 trillion and still has many people living below standard life style the opportunities are unlimited any business will grow in that situation so adding a trillion $ is possible.

With low Indian base and ever growing middle class today if someone opens a scooter repair shop in 10 years he will open a showroom with service center.

You are probably highly overestimating the growth. No matter what Modi or anyone do it will not grow at 11% for more than 2 years constantly.

Secondly currency is not going to be appreciated, its already overvalued so it will be depreciated only if you know how currency valuation is done in global trade. Positive sentiments are good but should not cloud the realities.

 

[HypocriteHunter]

I am not overestimating, even 8% growth will take India to 10 trillion in 10 years, currency appreciation is a function of strong economy if economy grows and value of currency is not kept in check by govt. and is under market factors so 40% currency appreciation in 10 years is not a big deal.

Sorry my friend you have no idea about how currency rates are fixed. Just see the currency graph of China, dont read on forex brokers sites that currency is like stock of a country, if country do well currency do well.

There are set of parameters which compares the currency with major trading nations of that country. The value is than analysed and if its above a threshold the currency is let lose by central bank for depreciation else its appreciated. It has nothing to do with economy or GDP directly but with currency of following major trade partners.