Sonal Verma: Yes, India can easily become a 3.5 trn dollar economy by 2020. We are already a USD2trn economy, growing at nominal rate of around 11.5% (7.5% real + 4% inflation). So it is not a tough ask. What we need to do is ensure policies are enacted that sustain our growth at 7.5-8% without generating inflationary pressures.
Sonal Varma, Executive Director & India Economist, Nomura India, said the Indian economy is showing very credible signs of recovery.
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India – a 3.5 trillion economy by 2020.
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