India to become $4-5 trillion economy

India to become $4-5 trillion economy

ndia will become a $4-5 trillion economy in a very short period of time, London-based economist Lord Meghnad Desai said. The size of Indi... 8:52 PM

ndia will become a $4-5 trillion economy in a very short period of time, London-based economist Lord Meghnad Desai said. The size of Indian economy at present is $2 trillion.


 "Imagine that even at 7 per cent annum the India economy will double every 10 years and if it grows at 10 per cent that will be even faster. This is going to become $4-5 trillion economy in a very very short time," Desai said at the first edition of international real estate expo (IREX) in New Delhi. IREX Director Vimal Anand said about 45 exhibitors are participating in the 3-days exhibition, targeted at high net worth individuals. "We are expecting 5,000 people to visit this exhibition. We also hope some transactions to conclude," he said. In the exhibition, real estate developers and property marketing companies from US, UK, Europe, UAE, Australia and Sri Lanka are taking part such as Damac, Emaar Properties, Sotheby's International and Trafalgar, according to PTI.
FE