Indian economy expected to reach USD six trillion by 2020

Coimbatore, Mar 7 (ANI): Former Indian Space Research Organisation (ISRO) chairman Dr. K Kasturirangan has said that the Indian economy is expected to reach USD six trillion by 2020 if India sustains a nine per cent GDP growth.

He said that the size of Indian economy would expand close to USD 1.8 trillion in the next two to three years.

Kasturirangan, who is presently a member of the Planning Commission, said: "If the present expectations which are reasonable and realistic, fructify, India is poised to become a world power. If we maintain the present rate of growth of GDP at around nine per cent, by the end of the present decade, 2020, this economy is expected to approach USD six trillion, with per capita GDP crossing USD 4,500 from the present USD 1,500."

"If all goes well," the economy could even grow to 9-10 USD trillion and per capita income could rise to in excess of USD 6,000 by 2025," he added in his Graduation Day address at Kumaraguru College of Technology in Coimbatore on Sunday. (ANI)