India's Real GDP to Touch $2.5 Trillion by 2021: PHD Chamber, PTI

India's real GDP is expected to touch USD 2.5 trillion by 2021 as the country's macroeconomic fundamentals, like savings, investments and per capita income, are growing strong. At present, the country's real GDP amounts to USD 1 trillion. Industry body PHDCCI -- in its study, 'Growth Prospects of Indian Economy: Vision 2021, Trillion Dollar Growth Opportunities' -- said India's real per capita income is estimated to double from the current level of USD 900 to USD 1,800 by 2021. Notwithstanding that real GDP growth is expected to moderate in the near-term to around 7.4-7.7 per cent in 2011-12, it is projected to enter a higher growth trajectory in the next few years. The real GDP is estimated to achieve an average growth of 9.3 per cent in the next 10 years by 2021