Reserve Bank of India recently painted quite a gloomy picture
for the Indian economy and rating house Moody's too pointed out
how corruption and scams are hampering the country's business
environment.
According to research firm Dun and Bradstreet, India will become
a $5.6 trillion economy by 2020. The firm has also predicted a
three-fold jump in the country's gross domestic product, from
$1.7 trillion last fiscal, on the back of rapid investment and
growing consumer expenditure.
1. India's GDP is on a roll
India's gross domestic product is reaching new heights every
year. India is now the 10th biggest economy in the world.
2. India's trade is growing steadily
India's imports are increasing more than 25 per cent year on
year (since 1960). Even if 2009 saw a small fall-back due to global
recession, in 2010 imports were however again growing at 32.2 per
cent (August, 2010 — year on year growth) and reached over
$140 billion (2010).
