AS PER the research firm, Dun & Bradstreet, India would be witnessing a huge jump as far as the country’s GDP is concerned in the near future. The firm says that by the end of the year 2020, India would be having an economy, which would be touching $5.6 trillion mark. It is definitely great news for the Indian economy.
In the coming 10 years or so, various kinds of investments, consumer spending, and infrastructure projects will be playing a major role towards the growth of Indian economy. Indian states such as Maharashtra, Andhra Pradesh, Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh would be playing a very important role in the coming years as far as the country’s increased GDP is concerned.
If everything goes according to plan, Maharashtra, Gujarat and Andhra Pradesh would be some of the most developed states in the country. As far as the investment in the infrastructure is concerned, there might be an estimated increase of 12.1 percent by the fiscal Year ’20. It contributed to 7.1 per cent in the FY’11.
India is already considered to be one of the fastest and the biggest growing economies of the world. Earlier the Global Investment Bank, Goldman Sachs, had also predicted India to be the third largest economy in the World. India would be behind the US and China in the list by the year 2035 too. But, it has to be remembered that there are several obstacles that would hinder India’s economical growth such as population explosion, poverty, and unemployment, etc., which should be taken care of by various reforms that the government plans to carry out.
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