माझी दृष्टी + मेरा दृष्टिकोन + My Perspectives

20 August 2022 Loading …… “MH@$1TE” - Dhananjay Deshmukh, Mumbai I ndia is world’s 6 th  largest economy (very closely behind the UK- by some USD15 bn). India's economy grew 8.7 % in 2021-22 against a 6.6 % contraction in the previous  year. In its third monetary policy of 2022-23, the Reserve Bank retained its GDP growth forecast at 7.2 % for the current fiscal, but cautioned against negative spillovers of geopolitical tensions and a slowdown in the global economy. Recently the Chief Economic Adviser (CEA) of India, Sh V A Nageswaran had said that India would become a $5 trillion economy by 2026-27, and USD 10 trillion by 2033-34.  As of now, India is a USD 3.3 trillion economy, then at 10% growth every year, Indian economy can reach the coveted mark of USD 5 trillion in 2027 (1 Trillion =1000 Billion =1 Lakh Cr,  USD 1TR=INR 79 Lakh Cr, apprx. At 1 USD=79 INR).  In order to make it happen, the growth engines of India shall have to deliver. The gr...