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India 2020
India 2020
Indias Gross Domestic Product (GDP) is likely to quadruple over a period of 10 years. It further states that India is likely to be a US $ 4.5 trillion economy over the next decade.
The Edelweiss Capital report states, Driven by a nominal annual growth rate of 13 per cent, GDP is set to quadruple over the next ten years and the country is likely to be a Rs.205-trillion (USD 4.5 trillion) economy by 2020.
Infrastructure Investments
The report says that the investment in infrastructure is set to witness a three fold increase from Rs. 21 lakh crore in the Eleventh Plan to Rs. 62 lakh crore until next 10 years.
Proper education ensures higher literacy standard which in turn leads to declining unemployment within the economy. The report also estimates a jump of 6 times in domestic pharmaceutical and healthcare industry.
The India 2020 report of Edelweiss Capital seems to be betting on Indias population demographics and its income distribution pattern which is estimated to go a long way in stimulating domestic consumption and investments into rising needs of infrastructure support.