According to research firm Dun & Bradstreet (D&B), our country India will become a $ 5.6 trillion economy by 2020. It has predicted a 3 fold jump in the country's GDP from $ 1.73 trillion last 2010-11 fiscal on the back of rapid investment and growing consumer expenditure.
Mr. Arun Singh, Senior Economist at Dun & Bradstreet India said, '' The rate of investment, consumer expenditure and infrastructure spending will be the driving force behind the country's economic growth over the next ten years.
D&B report titled, 'India 2020', in terms of regions, eight states Maharashtra, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh would contribute 71% of the total GDP in the next ten years, as compared to 66% in FY 2009-2010.
The India 2020 report told Maharashtra, Gujarat and Andhra Pradesh will be amongst the most developed states in the country by 2020 and would together contribute 32% to the overall GDP.
The states Bihar, Madhya Pradesh, Rajasthan, Orissa & Uttar Pradesh are also expected to contribute significantly to India's growth story during the current decade.
These states contribution will be nearly 24% of the GDP by FY2019 -2020, as compared to 21% during FY 2009-2010.
Mr. Arun Singh, Senior Economist at Dun & Bradstreet India said, '' The rate of investment, consumer expenditure and infrastructure spending will be the driving force behind the country's economic growth over the next ten years.
D&B report titled, 'India 2020', in terms of regions, eight states Maharashtra, Gujarat, Andhra Pradesh, Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh would contribute 71% of the total GDP in the next ten years, as compared to 66% in FY 2009-2010.
The India 2020 report told Maharashtra, Gujarat and Andhra Pradesh will be amongst the most developed states in the country by 2020 and would together contribute 32% to the overall GDP.
The states Bihar, Madhya Pradesh, Rajasthan, Orissa & Uttar Pradesh are also expected to contribute significantly to India's growth story during the current decade.
These states contribution will be nearly 24% of the GDP by FY2019 -2020, as compared to 21% during FY 2009-2010.
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