India to be a $10 trillion economy by 2035: says Suresh Prabhu. With the current GDP estimate of $2.6 trillion in about 18 years, we could reach $10 trillion at a CAGR of 7.77%, as against the current growth rate of 7.3% in the current fiscal year 2018-19. $5 trillion in 7 years, as Suresh Prabhu mentioned, works out to a CAGR of 9.79%.
A lower capital-output ratio shows that only a low level of investment is needed to produce a given growth rate in the economy. This is considered a desirable situation. A lower capital-output ratio shows that capital is very productive or efficient. Return on Intangible guides the way for THE Productivity Index to propel Indian Economy to greater heights.
I exhort to keep the target growth at @15% so that Indian Economy reaches $7 trillion in 7 years paving the way to $33 trillion by 2035. How?
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