It's official, India is very close to a 2 trillion dollar economy and the next doubling of our economy to a 4 trillion dollar one is probably only 4-5 years away by the most pessimistic of forecasting. But wait, we have been an unofficial 2 trillion dollar economy for quite some time now. The current 1.7 trillion dollar figure does not include black money in the system and I can bet that there is at least 300 billion dollars of black money out there in the Indian economic system. Heck if we can have a 1,76,000 crore scam then the 300 billion dollar figure pales in comparison.
Statistically speaking, in PPP terms, roughly we are easily a 5 trillion dollar economy and have long surpassed the Japanese to gain the third spot in world ranking. With a PPP per capita at around 4500 dollars we are a lower middle income country. Reaching the mid income country status is only a matter of time, if not in 10 years then in the next 15 years. Our Gini co-efficient is not all that bad either, our GINI numbers are better than the Chinese and the Americans and are very close to the Aussies.
Statistically speaking, in PPP terms, roughly we are easily a 5 trillion dollar economy and have long surpassed the Japanese to gain the third spot in world ranking. With a PPP per capita at around 4500 dollars we are a lower middle income country. Reaching the mid income country status is only a matter of time, if not in 10 years then in the next 15 years. Our Gini co-efficient is not all that bad either, our GINI numbers are better than the Chinese and the Americans and are very close to the Aussies.
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