Indian economical value in the year 2025 will be 5 lakh crore dollars
Posted on: 23/Feb/2017 12:28:01 PM
Morgan Stanley in a study has revealed that the Indian economical value in the year 2025 will be 5 lakh crore dollars if the government`s policy action is good since the population of youth in India is more in number.
Currently, the Indian economical value is 2.2 lakh crore dollars. This makes it the seventh largest in the world. The per capita income in India is 1700 crore dollar. Still India ranks well behind some of the key emerging markets, like China, Russia, Brazil and Indonesia.
By 2025, Morgan Stanley expects per capita income to rise 125 per cent to 3,650 dollars. As of now India`s youth population is of 40 crore which is the largest in the world. This population will play an important role in changing India. At the same time, this population alone will not be enough to improve the Indian economics. They should skilled on par with international countries. The next leg of harnessing this young and better skilled population would require creation of adequate employment opportunities, which is an opportunity and a challenge for India.
