Business
India Third Largest GDP by 2025
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India could have the world’s third largest GDP by 2025 if its present growth rate holds, according to Indian Prime Minister Manmohan Singh.
“However, it is in fact a very ambitious target given the current global economic situation, which is full of uncertainties about the prospects in industrialized countries and their implications for global capital markets,” he said.
The research firm Dun & Bradstreet recently projected that India will become a $5.6 trillion economy by 2020, representing a three-fold jump in the country’s GDP from $1.7 trillion last year.