hellofriends
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not possible
it may be not possible for pakistan but it's possible for us...
India GDP in 2000= $ 460.18 Bn
India GDP in 2010 = $ 1360 Bn
increased 3 times in 10 year...
India wealth to double in 5 yrs; may grow to $6.4 trillion: Report
- Thread starter trident2010
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it may be not possible for pakistan but it's possible for us...
India GDP in 2000= $ 460.18 Bn
India GDP in 2010 = $ 1360 Bn
increased 3 times in 10 year...
Kinetic
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Indian economy is already $ 1.35 trillion and economic growth this year is 9.7% and expected to grow at more than 10% in coming years. So there is no hurdles. During economic slow down also India growth was ~7% on average.
Kinetic
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it may be not possible for pakistan but it's possible for us...
India GDP in 2000= $ 460.18 Bn
India GDP in 2010 = $ 1360 Bn
increased 3 times in 10 year...
It will be more than three times in next ten years, because over the last decade, the pace just started the massive growth and will be on full force during next decade.
indiaworldpower
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another may grow article
i hate these kinda articles ,they make people celebrate what we haven't achieved yet
I agree. These articles kind of give false hope.
Zeluvaa
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I do not understand why people are bringing GDP into this 
when the article is not even talking about GDP. It is talking about country wealth which is different than GDP
The article mentions that the wealth may grow to $6.5 trillion, not the GDP. There is no way GDP of India is going to grow from current levels to $6.5 trillion in 5 years, despite double digit growths.
when the article is not even talking about GDP. It is talking about country wealth which is different than GDPThe article mentions that the wealth may grow to $6.5 trillion, not the GDP. There is no way GDP of India is going to grow from current levels to $6.5 trillion in 5 years, despite double digit growths.
Rajkumar
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some guys are suggesting that we dont need these kind of articles but let me give you a good reason to have it.
it creates a good image in front of foreign investors which brings more FDI. lets take example of pakistan, it has all the things which makes business profitable for investors except a good image. it boosts the moral of local investors so the trading markets grows well. we should cash on this while we can
it creates a good image in front of foreign investors which brings more FDI. lets take example of pakistan, it has all the things which makes business profitable for investors except a good image. it boosts the moral of local investors so the trading markets grows well. we should cash on this while we can
somebozo
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wet dreaming of ToI(let) media..where exactly will the money come from when the western world is rearming itself with industrialization and the ongoing crisis has dropped the currency values like anything. What ever future may be, one thing sure it will be hell competitive especially for the China and India industries.
Water Car Engineer
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MUMBAI: Total wealth in India has tripled over the past decade to $3.5 trillion and could further increase to $6.4 trillion by 2015, says a report on global wealth by investment bank Credit Suisse.
Relative to the rest of the world, the distribution of wealth in India is heavily biased towards the lower end of the wealth pyramid, with the proportion of adults having wealth below $1,000 roughly double the global average, says the report.
At the other end of the scale, a very small proportion of the adult population (0.4%) owns more than $100,000 on average.
However, this group has been increasing fairly quickly in recent years and the rate of growth is expected to rise in future if Indias economy continues on its current trend, it said.
Indias economy has grown at an average 8% over the past four years, and is estimated to grow 8.5% this fiscal according to RBI estimates. From a macro perspective, the CS report has found that the global wealth currently held by 4.4 billion adults has increased 72% since 2000 to reach $195 trillion.
The investment bank expects the global wealth to grow 61% to $315 trillion by 2015, driven by robust economic expansion in emerging markets. The middle segment of the wealth pyramid is composed of one billion individuals who are located in the fastest-growing economies of the world and who hold one-sixth or $32 trillion of global wealth.
In total, almost 60%, or 587 million, of individuals in the middle segment of the wealth pyramid are located in Asia-Pacific. China stands out as the third-largest wealth generator in the world, behind US and Japan, and is 35% ahead of the wealthiest European country, France .
Osama Abbasi, chief executive, Asia-Pacific, Credit Suisse , is of the view that Asia-Pacific countries, which now make up the bulk of the worlds middle class of emerging consumers, are driving the growth of the worlds wealth. China is the third-largest wealth market in the world. Economic expansion in other key markets in Asia-Pacific means that today growth in average household wealth per adult is up to 10 times the global growth rate, he said.
China stands out as the third-largest wealth generator in the world, with total household wealth of $16.5 trillion, behind only the US ($54.6 trillion) and Japan ($21 trillion). Furthermore, Chinas wealth is almost five times that of Indias.
Wealth has also surged in other emerging markets in Asia-Pacific, especially India and Indonesia . While the total wealth of India has tripled in a decade to $3.5 trillion, Indonesias has grown five-fold to $1.8 trillion and is expected to grow as impressively taking it to over $3 trillion by 2015.
The report estimates that there are more billionaires in Asia-Pacific than in Europe. At the top of the wealth pyramid, there are over 1,000 billionaires globally, of which 245 are in Asia-Pacific, 230 are in Europe and 500 in North America. Moving down the wealth pyramid, there are 80,000 ultra high net worth individuals (average wealth per adult above $50 million). Of the 24 million other high net worth individuals (average wealth per adult of $1 million to $50 million), just over 800,000 are in China, around 170,000 are in India and over four million are in the rest of Asia-Pacific. Below this, more than 330 million individuals have average wealth per adult of $100,000 to $1 million.
India's wealth triples in a decade to $3.5 trillion - The Economic Times
Relative to the rest of the world, the distribution of wealth in India is heavily biased towards the lower end of the wealth pyramid, with the proportion of adults having wealth below $1,000 roughly double the global average, says the report.
At the other end of the scale, a very small proportion of the adult population (0.4%) owns more than $100,000 on average.
However, this group has been increasing fairly quickly in recent years and the rate of growth is expected to rise in future if Indias economy continues on its current trend, it said.
Indias economy has grown at an average 8% over the past four years, and is estimated to grow 8.5% this fiscal according to RBI estimates. From a macro perspective, the CS report has found that the global wealth currently held by 4.4 billion adults has increased 72% since 2000 to reach $195 trillion.
The investment bank expects the global wealth to grow 61% to $315 trillion by 2015, driven by robust economic expansion in emerging markets. The middle segment of the wealth pyramid is composed of one billion individuals who are located in the fastest-growing economies of the world and who hold one-sixth or $32 trillion of global wealth.
In total, almost 60%, or 587 million, of individuals in the middle segment of the wealth pyramid are located in Asia-Pacific. China stands out as the third-largest wealth generator in the world, behind US and Japan, and is 35% ahead of the wealthiest European country, France .
Osama Abbasi, chief executive, Asia-Pacific, Credit Suisse , is of the view that Asia-Pacific countries, which now make up the bulk of the worlds middle class of emerging consumers, are driving the growth of the worlds wealth. China is the third-largest wealth market in the world. Economic expansion in other key markets in Asia-Pacific means that today growth in average household wealth per adult is up to 10 times the global growth rate, he said.
China stands out as the third-largest wealth generator in the world, with total household wealth of $16.5 trillion, behind only the US ($54.6 trillion) and Japan ($21 trillion). Furthermore, Chinas wealth is almost five times that of Indias.
Wealth has also surged in other emerging markets in Asia-Pacific, especially India and Indonesia . While the total wealth of India has tripled in a decade to $3.5 trillion, Indonesias has grown five-fold to $1.8 trillion and is expected to grow as impressively taking it to over $3 trillion by 2015.
The report estimates that there are more billionaires in Asia-Pacific than in Europe. At the top of the wealth pyramid, there are over 1,000 billionaires globally, of which 245 are in Asia-Pacific, 230 are in Europe and 500 in North America. Moving down the wealth pyramid, there are 80,000 ultra high net worth individuals (average wealth per adult above $50 million). Of the 24 million other high net worth individuals (average wealth per adult of $1 million to $50 million), just over 800,000 are in China, around 170,000 are in India and over four million are in the rest of Asia-Pacific. Below this, more than 330 million individuals have average wealth per adult of $100,000 to $1 million.
India's wealth triples in a decade to $3.5 trillion - The Economic Times
it may be not possible for pakistan but it's possible for us...
India GDP in 2000= $ 460.18 Bn
India GDP in 2010 = $ 1360 Bn
increased 3 times in 10 year...
Kid, don't talk about what you have no idea about. Pakistan's economy grew nearly 3 times as well in the 2000s.
To double the nominal GDP in next 5 yrs it will take 12% average growth for next 5 yrs which is not probable..however if inflation is taken into account the real GDP can double at present growth rate ..but clearly they are comparing GDP(PPP) basis..so are they expecting PPP rate to remain the same..surely it will decrease as the INR gets stronger.
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