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Aah! It was just typo.Troll-ion , pls change title
3 trillion within 5 years is more than likely if Modi can get India back to 7-8% growth and then 5 trillion is doable by 2024/5.
A 8% growth for 9 years will give you doubling of GDP.3 trillion within 5 years is more than likely if Modi can get India back to 7-8% growth and then 5 trillion is doable by 2024/5.
All because of the Mighty Queen of BD Sheikh Hasina! Hail Hasina!!!
Hasina jee is doing a good job..
why there is n/a in Pakistan's section in IMF reportRead my above post.
They predict based on current assumptions, that the economy can grow continuously, like a gas expanding in vacuum. That is not the case.
According to IMF WEO October 2014 report, India is now 2.047 Trillion USD economy.
Report for Selected Countries and Subjects
Report for other countries can be found in below link from IMF.
Select Country or Country Groups
@gslv mk3 @anant_s @Skull and Bones @Abingdonboy @Ammyy @GURU DUTT @Aether @third eye
@farhan_9909
why there is n/a in Pakistan's section in IMF report
There is a concept called Nominal growth rate and real growth rate. Look it up.A 8% growth for 9 years will give you doubling of GDP.
So by 2024, it can be maximum 4 trillion, not 5. But that depends entirely on sustained growth rates. India is no where 8% growth right now, it will take couple of years to achieve that, if possible. So if we start at 2016-17, and growth is at least 8% or above, India will have some 4 trillion USD GDP by 2026.
Plus there are constraints that present an economy. The biggest factor for both China and India is resources. Where are you going to get all that Oil/Gas/Minerals/Metals from? While India grows, China increases it's resource consumption massively, then there is the rest of the world, USA being the largest, Euro Zone after that. Where are so much resources to come from?
The exponential growth model for economy is flawed because it does not account for corrections/setbacks like resources security, wars, natural disasters, global financial shake downs etc.
Just like you cannot use exponential model to predict population at a certain time using the average population growth rate. You have to account for disease, natural deaths, death rate, etc
it was about $230 billion figure last time, so of course Pakistan is ahead of Bangladesh, but Bangladesh is closing upGrowth figures might not be available or complete. They were last time i checked, since Pakistan just completed an economic survey this year.
Rest assured it was well ahead of Bangladesh.
There is a concept called Nominal growth rate and real growth rate. Look it up.
it was about $230 billion figure last time, so of course Pakistan is ahead of Bangladesh, but Bangladesh is closing up