INSUBCONTINENT EXCLUSIVE:
India is expected to become the third largest economy in the world by 2030 with GDP touching $10 trillion, helped by consumption and
"We keep oscillating between fifth and the sixth largest economy, depending on the dollar rate
As we look at the years ahead, we would be $5 trillion by 2024 and $10 trillion by 2030 or 2031
"That's when we will be amongst first three - US, China and India and then of course, we would in the rat race of the big three wanting to
catch up with much mightier competitors
said the 2011 Census showed that 21.9 per cent of India's population lived below the poverty line (BPL) and with the present rate of
At the same time, the middle class population would increase to 44 per cent from 29 per cent in 2015, he said citing a study
"Therefore as you look ahead you would see poverty deplete, you will see an exponential growth of middle class and probably by 2030 almost
the size of BPL when 2024 general elections takes place and therefore we have to see (whether) public discourse is still behind the curve or
it takes the curve further," he said
So, consumption will get a boost with rising number of middle class, he said, adding that infrastructure creation, both rural and urban,
latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
