Economy Watch has a forecast for the Indian Economy in 2014
GDP Growth (Constant Prices, National Currency) 8.079 %
GDP (Current Prices, National Currency) INR 101,695.91 Billion.
GDP (Current Prices, US Dollars) US$ 1,908.33 Billion
GDP Per Capita (Constant Prices, National Currency) INR 41,928.71
GDP Per Capita (Current Prices, National Currency) INR 79,043.24
GDP Per Capita (Current Prices, US Dollars) US$ 1,483.25
GDP (PPP), US Dollars US$ 5,513.41 Billion
GDP Per Capita (PPP), US Dollars US$ 4,285.30
GDP Share of World Total (PPP) 5.714 %
GDP is in Trillions and US dollar GDP is in Billions Year GDP Rupee Growth Inflation...USD-Rupee USD GDP 2009 57.0 7 4 46 1240 2010 63.3 9 4 46 1376 2011 71.5 9 4 46 1555 2012 80.8 9 4 46 1757 2013 91.4 9 4 46 1986 2014 100.2 9 4 46 2244 2015 116.7 9 4 46 2536 2016 131.8 9 4 46 2866 2017 149.0 9 4 46 3238 2018 168.3 9 4 45 3740 2019 190.2 9 4 44 4323 2020 214.9 9 4 43 4998 2021 242.9 9 4 42 5782 2022 274.4 9 4 41 6693 2023 310.1 9 4 40 7753 2024 350.4 9 4 39 8985 2025 396.0 9 4 38 10420 2026 447.5 9 4 37 12093 2027 505.6 9 4 36 14045 2028 571.4 9 4 35 16324 2029 645.6 9 4 34 18989 2030 729.6 9 4 33 22108
Implied Purchasing power parity and big mac exchange rates for Brazil, Russia, India and China
India in Space
The Indian Space Research Organization (Isro) on Friday prepared to zoom into higher orbit following a nearly 35% hike in its budget. This, the space agency says, is the highest in recent years.
In 2009, Isro’s budgetary allocation was Rs 4,167 crore. This year it has jumped to Rs 5,778 crore.
India’s human space flight programme and the moon mission have got booster shots. The amount for the manned flight project has increased from Rs 30 crore in 2009 to Rs 150 crore. “This will allow us to initiate some of the additional pre-project activities,” the official said. The overall cost of the programme is around Rs 13,000 crore, of which the government has allotted only Rs 95 crore so far. Last February, the Plan panel cleared the programme and estimated that Rs 5,000 crore would be needed for executing the preliminary plans
Te ISRO budget is in the range US$1 billion (RM3.5 billion) in allocation under the new budget. Under the plan, nearly US$100 million (RM350 million) would be spent to build two rockets, Polar Satellite Launch Vehicle (PSLV) and the Geosynchronous Satellite Launch Vehicle (GSLV).
India, Russia, South Korea and China are competing in further exploration of the moon.
Indian Defence Budget
India, Asia’s third largest economy, allocated about 2.4 per cent of its Gross Domestic Product (GDP) for military modernisation, largely to counter the constant security threats within the country and along its borders.
India, the fourth largest military force in the world, is busy upgrading its defence capabilities, developing its homegrown missile technology, building hi-tech weaponry systems and procuring new fighter jets.
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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