Over the past decade, India's GDP has surged at a CAGR of 7%, reaching $3.6 trillion and climbing to the 5th position globally. With forecasts predicting GDP to surpass $5 trillion in four years, India is poised to overtake Japan and Germany to claim the third spot.
Mumbai: Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 per cent over the next three years, a study said.
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