The Indian economy would grow to $1.72 trillion in 2011-12, moving closer towards the $2 trillion mark, according to an assessment by the Prime Minister's Economic Advisory Council (PMEAC). The country's gross domestic product (GDP) at the market and current prices was measured at $1.31 trillion in 2009-10 and is estimated to be $1.52 trillion in the current fiscal, the PMEAC said in its latest economic outlook. Pegging the GDP growth at nine per cent, the economy would reach a level of $1.72 trillion in 2011-12, it said. If the 9 per cent growth trend is maintained, India would become $2 trillion economy in 2013-14 fiscal.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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