Section

Indian economy likely to register 8-8.3% growth in current fiscal: PHDCCI

By Business Standard - 4 weeks ago
India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a USD 34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of USD 34.7 trillion by 2047 with a per capita income of USD 21,000, the industry body said. The chamber has suggested 10 key enablers for the country to become a developed economy by 2047 in a report. It has

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.