When will India have a 5 trillion economy !!!
When will India have a 5 trillion economy?
India's gross domestic product (GDP) grew by $ 2.9 trillion in 2019. Trillion is a trillion. India's GDP fell to $ 2.7 trillion in 2020 due to the Govt.
The country's GDP growth slowed to an all-time low of 24.4% in the June 2020-11 quarter due to the Govt curfew and industrial freeze.
India's GDP growth slowed to 7.3% in FY20-21.
In January 2022, India's GDP rose to $ 3.1 trillion. India's GDP growth rate for the fiscal year 2021-22 ending March 2022 will be 9.2 per cent; The federal government predicts that this will be the fastest growth in the world.
India's GDP is projected to increase to 5 trillion by 2025, before the impact of the Corona in 2019. But the impact of the Govt has slowed down India's economic growth. India's GDP is projected to grow by 5.5 trillion by 2025, with an average annual GDP growth of 9.5% in the coming years. If not, India's GDP is projected to reach $ 5 trillion by 2030 alone.
As far as Indian companies are concerned, it is not necessary to make a profit just by exporting manufactured goods and services. Domestic consumption is a lucrative business for many companies as the country is densely populated and various foreign companies are branching out in India. That way you have the opportunity to make more profit when you select and invest in stocks of companies that sell more locally and offer more services.
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