In recent times the Indian economy is going through rough patch, but this will not be the scenario in the long run.

In recent times the Indian economy is going through rough patch, but this will not be the scenario in the long run.

 

According to research firm Dun and Bradstreet, India will become a $5.6 trillion economy by 2020.

The firm has also predicted a three-fold jump in the country’s gross domestic product, from $1.7 trillion last fiscal, on the back of rapid investment and growing consumer expenditure.

India’s GDP is on a roll. India is now the 11th biggest economy in the world.

The GDP expanded 7.7 per cent in the second quarter of 2011 over the previous quarter. India reduced poverty by about 10 percentage points from 1997

India’s imports are increasing more than 25 per cent year on year (since 1960).

Indian imports figure reached over $140 billion (2010).

India’s foreign direct investment has been increasing significantly since the past five years.

India is moving from being an agriculture based economy to an industrialised and service focused economy similar to the US, Europe and other industrialised countries.

In terms of population, India is the second largest country in the world. By 2025, India will be the biggest country in terms of population.

The population will continue to grow also in terms of disposable income and consumption of Western products.

Gross National Income per capita in India in terms of purchasing power parity is increasing.

In less than 10 years, the GNI per capita doubled (from $1,560 in 2000 to $3,250 in 2009).

So doing business in India is a must for companies with a long-term view.