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I have no doubts that our country will rise a major economic power.... but this rate seems a little unrealistic to me !!!
assuming a GDP of $4 trillion by 2015 is not very unrealistic...if it grows at the same rate plus there is more new money in the economy plus better infrastructure all around the country, $10 trillion is not an unrealistic target.
2016 is going to be a golden year in the history of indian economy.many infrastructure projects are going to become mature by that time, $1 trillion worth of infrastructure will get built by that time.
this includes highways, expressways, numerous rail projects, the urban renewal mission, the solar mission, numerous chemical and engineering plants, airports, all those metro projects and ofcourse thousands of projects in the metro regions
let our GDP be 2 trillion $ first
Mumbai isn't "doomed" or anything, just that it needs to do some urgent catching up.
Its infrastructure is still among the best in the country and improving.
Navi Mumbai is coming up in a big way, and its got several high-profile projects lined up.
Maharashtra needs someone like Chandrababu Naidu in order to give it a fillip.
I think russell is talking about PPP GDP which is over 3 trillion at this time
nominal GDP matters more than PPP.
our nominal GDP is 1.7 trillion $.
i hope till 2012 it becomes 2 trillion $.
nominal GDP matters more than PPP.
our nominal GDP is 1.7 trillion $.
i hope till 2012 it becomes 2 trillion $.
nominal GDP matters more than PPP.
our nominal GDP is 1.7 trillion $.
i hope till 2012 it becomes 2 trillion $.
as karan said, nominal GDP is important for imports, but for local economy PPP remains critical..mumbai has respectable infrastructure and is getting better, and as its suburbs and navi mumbai mature, they will handle the huge population well.for this we need more decentralised development and navi mumbai holds promise...we also need better and efficent transport across the city..hope the slew of road and rail/metro/monorail projects changes things for the better!