India is now a $2-trillion economy: World Bank report

Source:  timesofindia.indiatimes.com

NEW DELHI: India has become a $2 trillion economy now.

According to a World Bank report, India’s GDP crossed the $2-trillion mark in 2014 and at present stands at $2.067 trillion.

In just seven years, India has added one trillion to its economy.

Going by income, India is still in the lower middle income category.

India’s gross national income per person has risen to $1,610, which converts to Rs 1,01,430 by present exchange rate.

India is among the world the fastest growing economies this year.

Reserve Bank of India governor Raghuram Rajan said on Thursday that the Indian economy was in a recovery phase.

“There are signs of pick up in capital investments,” Rajan said. More info

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