India’s gross domestic product has topped $1 trillion making it the 12th country to achieve the milestone, The Swiss Investment Firm Credit Suisse said in a note. Indian GDP at the current price level is 41 trillion rupees. With the rupee appreciating to below 41 against the US dollar, yesterday was the first day for the economy to be a trillion dollar economy. The rupee, which is trading around 40.76 to a dollar, has appreciated about 8.4 per cent this year and is up 15.4 per cent from a three-year low of 47.04 in July last year.
India is now in the elite club of the nations with a GDP over one trillion dollars. The US, UK, Japan, Germany, China, Canada, Spain, Italy, Brazil, and France are the other nations in this elite club. It is a proud moment for every Indian. So Guys How do you see India in the next 10 years? Do you think India is going to maintain it huge growth rate?
Source: FinancialExpress, MoneyControl
What is ought to happen will happen. Y to think about this?
yup..! if the software boom continues
Any one might be wondering is this good or bad because dollars you send to india, may not worth any more there. In the reality it will be very good thing, because oil prices will go down and eventually all prices will stabilize.
India need to be spending some money on ingenious reasearch to develop new product technology. Otherwise, you will find a rich india with half of poor people.
This is one of the indications which shows that india is going to be a super power in the not so distant future…
Good info and nice statistical figures. But divide by 1 billion population. Still $1000 only on an average. World GDP is 65 trillion with 6.5 billion population, averages to 10 trillion per billion population. India still need 9 trillion, to match-up the average.
India will be a super power only if population is controlled along with dirty politicians
i think its time we bring population control in india just like china not more then 2 children for the best intrest of the country. otherwise, we will always struggle to achieve desired results
Good news.
Jai Hind
Saare jahan sey achha Hindustan hamara
extreemly good news. my dream was to see india in line with all big nations before my final call, and i see that dream being fulfilled.
I have been to India recently after 2 years.
For the first time I felt Like, I no more say “India developing”. Even moew I hated the way the development is currently underway.
In True Sense Development of any Country should refelect improving the standards of each Indians Life interms the food, living, employment, health etc.
But when I visited Hyderabad, last month - I can clearly see The Richer becoming more rich and Poorer becoming too POOR.
For me in REALSITIC terms I would say India is developing or developed not by looking at GDP growth rather - when the difference between rich n poor becomes less… SORRY I LIVE REALSTIC LIFE, NOT FANATSAY..
Really good news.. but this must not be an end. India must develop more and become the top country of the world. May be tough to dream about this but this must happen. Then we can be happy for ever
What is coming to your pocket out of it ? Are you a millanaire yet , should be the question ppl like you who get happy just by number od responses are wasting own and others time.
Hello Mr.Dushyanth,
You go and sit in US and Indians back in India will lessen the difference between rich and poor. Even though you are in or which ever foreign country you dont realise that’rich become richer and poor become poorer’ is policy in developed nation.
you better understand that!!!
it is nice to see all ur comments but in one way or the other all of u r correct. the difference between rice and poor will decreased when all the people in India pay exact taxes to the govenrment, that makes a lot of difference. hope everyone pays the taxes without any black money.
becuase of GDP touched $1trillion, dollar conversion to rupees is becoming less. So a software engineer savings in US is going down than a software person earning morethan 10 lakhs per annum in india. My sincere suggestion to all my friends is we should plan to go back TO INDIA by taking maximum market from US to India to provide a solution to the unemployment in india. Every indian in US should feel proud that god has given a chance to us to take a step in setting up a company in india and get the clients from US and outsource the works and try to reduce the unemployment.
TO LIVE SELFISHLY FOR OUR FAMILY AND FOR OURSELF, WE DONT NEED TO COME TO USA. TO LIVE YOURSELF AND MAKE OTHERS LIVE BY PROVIDING JOBS FOR ELIGIBLE PERSONS IN INDIA IS THE ONLY DHARMA WHAT NRI PERSON CAN DO. EVERYONE TRY TO THINK ONCE ABOUT THIS APPROACH…..
Congrats guys,
Indian economy is booming not only in IT sector but also in other sectors too.
But Indians should not adopt capitalistic policy bcoz that way money would be in hands of few rich. and firm like walmart should not be allowed to monopolize the indian market. so that larger section of society could benefit from the resurgance of india economy. today the dollar is 40 rs . i would love to see a day when (1$ = 1 Rs). then we could have brain regain in contrast to brain drain.
india needs leaders now more than ever b4. bcoz the political sector is a liablity on indian society, its the mother of all evils in india-corruption, ignorance, poverty, injustice ………….. its loooong list.
May God Bless India
Gud to hear that india is booming, i am proud to be an indian, at the same time this is not gonna continue…there were many loopholes and sure is that we are gonna stumble….as mentor said its a long list….it will take not less than an other 100 years, my dear brothers the party not over….
All we talk and discuss. Still the system lgging lot. Since i am in canada i am not just talking Let we think the population and the cheap politicians.
We need real practical revolution. Every one indian having their burnig desires… but need to think out of system like GREAT GURU”AMBANI” ,GREAT SAINT “NARAYANASAMY” the only one “Lakshmi nivas mittal”…
Its a good thing that there is improvement but we should take it in context. UK population is 6 crores and GDP of over the trillion mark. By the same stretch, India has a population of over 120 crores and just entered the trillion club. i am not being cynical but there is a lot of work (definitely possible) before we go anywhere in to the big club
Cheers!!
Result of brain drain , in early 80s and 90s
Encourage every indian educated to go out and earn for country and reinvest in industries
mera Bharat mahaan!
GDP indicates earnings of all industries, includes foreign company earnings, so how much of his GDP stays in India is a question? Also the private companies earnings goto their pockets, with many 100% tax free companies how much percentage of this GDP translates as income or revenue for the government of India?
Only with self reliance in science and technology can we avoid FDI and retain the GDP within India. Collecting tax from salaried alone cant help, govt should try to collect some taxes from corporates also instead of promoting 100% tax free zones like SEZs. These kind of subsidies during the initial years of independence can be accepted, but after 60 years should our industries still be left tax free?. No other developed country does this.
Should we really worry about brain drain? The people who stayed back in India have contributed for the rocket technology and we recently launched a satellite commercially. so lets stop worrying about indian nationals who wish to become foreign citizens.
really great to hear, pretty much amazing and i wish this would continue.
Very well said , V Garimella
ghutuiyiuy
GDP reaching one trillion is not a major development. People should learn not to be content in small developments. India has a population of 1 billion and is one third the population of the entire world. Our GDP does not reflect that. The per capita income of individuals are still low and the distribution of wealth is extremely uneven. Though the capitalist model will eventually percolate the money in the economy. However, the general population should be mad aware of this. As far as population is concerned, it is about time we look at it as an asset rather than a liability. Also there are dirty politicians even in the US, case in point Halliburton. So please stop cribbing about it and just do your thing. Being a superpower should not be the goal. It is a crown of thorns.
thats so nice ti hear, its been a dream to see India in such economic status, hip hip hurray!!!1
Population though is a major hurdle in india’s way foreword. but its not really the reason for our problems. japan and other countries have less resources and more population density than our. so real problem is in our systems.
-People want to cheat from policeman to politician to commonman.
- our government office are hubs of corruption,
- small businessman to big corporate companies want to escape taxation,
-our education instition out only to make money, govt schools are worst one of the worst,
- more women still prefer to be housewife so a major chunk of the labour force in wasted,
- no dignity for labour, so many people dont work untill they get a job of their strature.
- money struck in hands if few people.
- Caste, religion, region are issues for people in an election not developent . so corruption under the shadow of these issues continues.
- list gooooooooooooooooeeeeeeeeeeeeesssssssssssss oooooooooooooooooooon
Just say Jaihind..
GDP definetly shows that India has improved by leaps and bounds,considering the fact that it has been only 60 yrs after independence.Economic stability can only be attained if we reduce the rich and poor gap.Please pay taxes
IT n softwares have improved Indian market…
but GDP doesnt match with World’s total n considering indian population..still gotta catch up a lot….
but good to see INdia boom….!!!
are we dreaming. People are so living in fantasy world. super power in distant future and iam positive it will never happen. still 60% of people live under poverty and still sucked and fxxxxd by our politicians. people grow up
Hi, India is growing but rich are becoming very rich , poor are becoming very poor. Think what will happen if IT companies pull out. There is nothing for backup. India needs indigenous enterpreneurs rather than foreign companies ,,,,,,think …..