10 Fascinating Facts about Indian Economy

Bangalore: The RBI Cut rates, surging imports, raising tax-GDP ratio, growth strategies etc, are few things that are making the Indian economy the most debatable topic for most of the economists. While some argued that accommodative RBI policy is needed to support growth, others said that high inflation has reduced return on financial savings, increasing the allure of gold.

However, among many ambivalent contradictions there are few feel good factors about the Indian economy too. As the country approaches its 66th year of independence, read on to know about its achievements and future prospects, as listed by Rediff.com.

Fact1# Among World’s Fastest Growing Economies

India will be world's third largest economy by 2030, said global energy giant BP plc (one of the world's leading international oil and gas companies) in 2012.

"By 2030 China and India will be the world's largest and third largest economies and energy consumers, jointly accounting for about 35 per cent of global population, GDP and energy demand," BP's chief economist Christof Ruhl said releasing BP's Energy Outlook 2030, reported PTI.

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