Indian economy likely to grow to $7 trillion by 2030: Deutsche Bank2 min read 03 Jan 2020, 02:13 PM IST
The sharp slowdown in the recent years is not indicative of what is in the store for the next decade, Deutsche Bank said
RBI’s decision to cut the key lending rate by 135 basis points in calendar 2019 will revive growth, the report said
India’s economy is likely to grow two and half times to $7 trillion by 2030, from about $3 trillion now, making India the world’s third largest economy. This implies that nominal GDP growth is likely to average just over 10% through the next decade, Deutsche Bank said in a research report, Imagine 2030.
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