Monday, November 16, 2009

India to Be $2 Trillion Economy By 2014-15, Economic Times Says

Nov. 17 (Bloomberg) -- India will be a $2 trillion economy in the next five years as its GDP is driven by an increase in consumption demand, the Economic Times reported, citing research from Enam Securities.

India will average 12 percent economic growth a year in nominal terms to 2014-15, boosted by consumption in the power, auto, information technology and pharmaceutical sectors, the report said, citing the research.

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