OTCQB:DGWR - Post by User
Post by
david05721on Jun 17, 2011 3:21pm
71 Views
Post# 18730827
India to become the second Largest Economy by 2050
India to become the second Largest Economy by 2050.In 2008-09 India’s economy-GDP grew by 6.5% due to global recession. In the previous four years,economy grew at 9%.The Indian economy is expected sustain a growth rate of 8% for the next three years upto 2012. With the expected average annual compounded growth rate of 8.5%, India's GDP is expected to be USD 1.4 trillion by 2017 and USD 2.8 trillion by 2027. Service sector contribute to 50% of India‘s GDP and the Industry and agriculture sector 25% each.