Rural India to spur double digit growth

India would also emerge as the largest contributor to the global workforce and global innovations in the current decade,he said.

The shares traded at the Bombay Stock Exchange (BSE -100 Index) was at $28 billion in 1995,shot up to $84 billion in 2000 and $170 billion in 20l0. The net profits over the transactions was which was $3 billion in 1995,rose to $4 billion in 2000 and $20 billion in 2010.

Despite the global recession,the Country’s per capita income had gone up to $1000 from $500 during the past five years,which was a tremendous achievement.

India was poised for another steep change in the decade based on domestic drivers and growing global relevance,he said adding key priority should be given for infrastructural development– roads,rails,power,ports,airports and other basic factors.