India’s GDP to double by 2010.
India’s GDP will touch $1100 billion from the current $550
billion by the year
2010 according to a study by Assocham.
An average Indian is expected to grow richer as the per
capita income will rise to $1200 per annum from the
present figure of $600.
The main reasons for the phenomenal growth are attributed,
among other things, to increase in productivity and
efficiency of Indian ports in the coming years. There would
also be extensive modernization in irrigation and
agriculture. These would also contribute substantially to
the growth. As a result of rising GDP
investment would also
rise.
The GDP investment ratio would rise to 35% from the present
30% fuelling further growth.