We all are aware of the vision of Mr. Mukesh Ambani who has stated that Indian nominal GDP could cross $30 trillion by 2030 and for this to be achieved the economy has to grow at the rate of 15% – 16% in the next 20 years.
However it is debatable if we can achieve such stratospheric rates of growth. However the figures are sounding high because nominal GDP growth rate does not take into account inflation and not the real GDP growth rate.
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