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?
Follow me on LinkedIn:
Follow on LinkedIn
Subscribe to my Podcasts:
Apple Channel https://apple.co/36HUfzH
Apple Connect: https://lnkd.in/eJEDT7E
Spotify: https://spoti.fi/3qzEAM1
Stitcher: https://lnkd.in/eAUS9-E
Google Play: https://bit.ly/3vZ6ulT
Reason: https://reason.fm/podcast/cream-ratings
Download Files at: