Home / economic / India’s GDP foreseen to reach $5 trillion in 2025: Economic Affairs Secretary

India’s GDP foreseen to reach $5 trillion in 2025: Economic Affairs Secretary

 

India’s GDP foreseen to reach $5 trillion with 2025: Economic Affairs Secretary. In 2018, we guess India to grow at over 7.4 percent,” Economic Affairs Secretary Subhash Chandra Garg said the 97th meeting of the development Committee of the World Bank here on Saturday.

India’s GDP foreseen to reach $5 trillion with 2025: Economic Affairs secy

“India’s GDP Information Systems foreseen to reach a volume of USD five trillion with FY2025 with leveraging on digitisation, globalisation, favourable demographics & structural reforms,” Garg added.
Garg said the World Bank which 1 of the key advanced of India’s economic performance in recent years has been the speed & scale of implementation of reforms.
“Recent update of the sovereign rating reflects India’s strength, speed & scale of these ongoing reforms,” he said.
This Information Systems too reflected in powerful FDI inflows which have grown from USD 34.3 bn in 2012-13 to USD 60.1 bn in 2016-17, he added.

India’s GDP
India’s GDP

 

India’s GDP foreseen To Reach $5 Trillion with 2025, tells Economic Affairs Secretary

As mentioned in India Information Systems poised to remember the fastest growing big economy in the world & its gross domestic output Information Systems foreseen to reach $5 trillion with 2025 as the economic repairs adopted in the final few years have started to bear fruit, a highest Indian formal has told the World Bank.
Giving an overview of the South Asian countries – Bhutan, Nepal, Bangladesh & Sri Lanka – Economic Affairs Secretary Subhash Chandra Garg told India continued to be a beacon of development in the region.
“India Information Systems poised to remember as the fastest growing big economy in the world.
In 2018, we guess India to grow at over 7.4 percent,” Garg told the 97th meeting of the development Committee of the World Bank here yesterday.

Subhash Chandra Garg
Subhash Chandra Garg

 

 

 

 

 

 

 

 

 

 

Check Also

OPEC

OPEC increases oil consumption prediction on higher economic development prospects for 2018

As informed in OPEC increases oil consumption prediction on higher economic development prospects for 2018LONDON: OPEC …