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India is now $2 trillion economy: World Bank

New Delhi: India has become a USD 2 trillion economy now, according to a World Bank report.The report stated that India's GDP crossed the USD 2-trillion mark in 2014 and at present stands at $2.067

India TV Business Desk [ Updated: July 03, 2015 18:43 IST ]
india is now 2 trillion economy world bank
india is now 2 trillion economy world bank

New Delhi: India has become a USD 2 trillion economy now, according to a World Bank report.

The report stated that India's GDP crossed the USD 2-trillion mark in 2014 and at present stands at $2.067 trillion.

In just seven years, India has added one trillion to its economy.

The gross national income per person has also risen to USD 1,610.

Yesterday, Reserve Bank of India Governor Raghuram Rajan said that the Indian economy was in a recovery phase.

"I would say (economy is) picking up.  We see some signs of capital investment picking up. There is a continuing need, which the government is trying to address, of putting some of the stalled projects back on track," Rajan said.

Rajan also made it clear that India's exposure to Greece crisis was very limited.

"The direct exposure is very limited for India. But there is some indirect exposure like how the Euro would react to the Greece situation," he said.

He added that exports remained an area of relative concern but they have been weak across all Asian economies, barring China.

On Monsoon, Rajan said that the news on the rain front has so far been good.

India is among the world the fastest growing economies this year.

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