Can india achieve 10%gdp growth by 2010?
Asked by Gaurav Mundhada, 09 Jun '09 05:44 pm
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Not at all possible ,unless we develop ifrastructure sector and agricultural investments very soon our GD P may plunge back even less than 5% ..in real terms . There is urgent need to get back the Swiss money now to see 10% G D P ,in 2010.Answered by venkatesaldevarajan, 09 Jun '09 05:52 pm
No, We are currently at around 5% growth for this year and 7% for next. We are very much revealing our forecast right now with a bias to rise next years forecast. There has been so much focus if we look at whole of Asia on China in the last 6-12 months, 8% growth now looks achievable and I would say, following the election result there is now a growing spotlight on India and when we see the numbers, India also is looking fairly resilient to this global downturn. We are forecasting 5% growth this year it would be the second fastest in Asia after China. On the political side we are becoming more optimistic on the reforms front which we think could be very important in the longer term and even in the next 6-12 months as global risk aversion comes down, it could start attracting a lot of foreign investment into India which is very important for growth. So at the moment no change to Nomuras forecast about 7% next year!!Answered by dharamender nebhnani, 09 Jun '09 05:50 pm
Impossible, hardly it could be around 6-65% gdp growth by 2010Answered by ashwani, 09 Jun '09 05:48 pm
Does not look possibleAnswered by iqbal seth, 09 Jun '09 05:45 pm
It is simply impossible.Answered by Chinna, 09 Jun '09 05:45 pm