India’s Real GDP Is Expected To Touch $ 2.5 Trillion by 2021

               India’s real GDP is expected to touch $ 2.5 trillion by 2021 as the country’s macroeconomic fundamentals, like savings, investments and per capita income, are growing very much strong, according to a recent study. At present, the country’s real GDP amount to $ 1 trillion. Well known Industry body PHDCCI in its study, “Growth Opportunities” said India’s real per capita income is estimated to double from the current level of $ 900 TO $ 1,800 BY 2021.

               The real GDP is estimated to achieve an average growth of 9.3 percent in the next 10 years by 2021, which is really a mind blowing growth. So we can simply say that Indian Economy is becoming stronger day by day.

               Despite the fact that the slowdown in advanced economies, coupled with domestic economic challenges like high inflation and borrowing costs, have pulled down the growth momentum in the near-term, India has emerged a leading economy in the World Economic System, according to the PHD Chamber President Sandip Somany.

               According to the study, WPI Inflation is projected to remain within the 5-6 percent trajectory, while the gross fiscal deficit is estimated to remain within 3-4 percent of the real GDP by the year 2021.