Section

Third-largest economy target within reach for India: 4 reasons that make PM Modi confident

By Business Today - 2 months ago
The defining characteristic of the current expansion is the rise in the investment-to-GDP ratio. In the 2003-07 cycle, the ratio rose from 27 per cent in fiscal 2003 to 39 per cent in fiscal 2008, which was close to the peak. Then investment-to-GDP hovered around those levels until it peaked in fiscal 2011. It then registered a decade of decline till 2021, but has now increased to 34 per cent, and is expected to rise further to 36 per cent in 2027.

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.