The report further said that in purchasing power parity (PPP) terms, India's GDP is $10.51 trillion, exceeding that of Japan and Germany. However, comparisons are always odious and while the task at hand is challenging, Prime Minister Narendra Modi's 5 trillion dollar dream is both, realisable and realistic. Let people not forget that India's GDP grew by a healthy 7.4% in Modi's first term, despite world GDP barely growing by a little over 4%, in that period. For India's GDP in the medium term to grow at 10% in real terms, infrastructure as a percentage of GDP should be in the region of 10-15%. The Mumbai-Nagpur super expressway received full funding of Rs 28,000 crore from banks and work is going on in full steam.

Source: dna February 21, 2020 06:22 UTC