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9% GDP Growth Required for India to Become 5 trn USD Economy: Economy Watch
August 06, 2019
As per the latest edition of Economy Watch, India needs to maintain a growth rate of 9% for at least 5 years and increase investment rate to an ambitious 38% of the GDP to achieve the target of becoming 5 trillion USD economy that was set by Prime Minister Narendra Modi.
Economy Watch said that if India grows at the projected rate of 7% in the financial year 2019-20, then the economy’s size could grow to 3 trillion USD from 2.7 trillion USD in the financial year 2018-19.
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