India to be $ 5.6 trillion economy by 2020: Survey

According to research firm Dun & Bradstreet (D&B), our country India will become a $ 5.6 trillion economy by 2020. It has predicted a 3 fold jump in the country's GDP from $ 1.73 trillion last 2010-11 fiscal on the back of rapid investment and growing consumer expenditure.
 Mr. Arun Singh, Senior Economist at Dun & Bradstreet India  said, '' The rate of investment, consumer expenditure and infrastructure spending will be the driving force behind the country's economic growth over the next  ten years.
D&B report titled, 'India 2020',  in terms of regions, eight states  Maharashtra, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh  would contribute 71% of the total GDP in the next ten years, as compared to 66% in FY 2009-2010.

The India 2020 report told Maharashtra, Gujarat and Andhra Pradesh will be amongst the most developed states in the country by 2020 and would together contribute 32% to the overall GDP.

The states Bihar, Madhya Pradesh, Rajasthan, Orissa & Uttar Pradesh are also expected to contribute significantly to India's growth story during the current decade.
These states contribution  will be nearly  24% of the GDP by FY2019 -2020, as compared to 21% during FY 2009-2010.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

BSE releases list of 25 stocks available for T+0 settlement starting March 28, 2024

BSE releases list of 25 stocks available for T+0 settlement starting March 28, 2024