India can become multi trillion dollar economy by 2050!
As per the report by a top World Bank official, India has the potential to become a multi- trillion dollar by year 2050.
If the nation manages to grow at seven percent for next 35 years, it can emerge as the second largest economy in the world.
India is an agricultural economy it might be a difficult for the nation to bring more and more into service sector. Right now 55 percent of the Indian population is working in service sector but to win the crown of second largest in the world, India has to increase this number to 80- 85 percent.
It might be a difficult task for India but surely it is not impossible.
Source: Economic Times.
