Friday, November 9, 2012

Indian GDP set to hit $ 2 Trillion mark

The Gross Domestic Product (GDP) in India was worth 1847.98 billion US dollars in 2011. The GDP value of India is roughly equivalent to 2.98 percent of the world economy. 

At the current rate of growth provided the exchange rates remain relatively stable we will see the GDP cross 2 trillion mark towards the end of 2013. (assuming a growth rate of 5.5 %. in constant currnecy terms. The estimated GDP stands today at USD 1.93 Billion.

The country's GDP crossed the trillion-dollar mark for the first time in history when rupee appreciated to below 41-level against the US greenback on 25th April 2011, joining the elite club of 12 countries with a trillion dollar economy.

India was initially supposed to half crossed 2 trillion mark this fiscal year (at an exchange rate of 45 Rs per USD) but a sharp decline in exchange rates means that we will have to wait for another year. India's Gross Domestic Product (GDP) is expected to  cross the US$ 5 trillion mark by 2020


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