Indian Economy: Growth -3

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<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>India's GDP crosses $1 trillion mark </b>
Pioneer.com
PTI | New Delhi
India has joined the elite club of 12 countries with a trillion dollar economy, thanks to the continuing rally in rupee against the US dollar.

The country's GDP crossed the trillion-dollar mark for the first time in history when rupee appreciated to below level 41 against the US dollar yesterday, Swiss investment bank Credit Suisse said in a report published today.

Countries like the <b>US, Japan, Germany, China, UK, France, Italy, Spain, Canada, Brazil and Russia </b>have all breached trillion-dollar GDP level in the past.

The bank put the country's GDP at around Rs 41,00,000 crore, which translates into a little more than one trillion dollar at the current currency level of Rs 40.76 per dollar.

Besides, the country's stock market capitalisation has rose to 944 billion dollars, which is also closing fast on the trillion dollar level, it added.

Before the rally began about a month ago when the rupee was hovering at 45 to a dollar, the country's GDP was estimated at around $900 billion.
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Private sector is doing great. I hope Government and Babus stay away from agenda and greed to mess up Private sector.