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Last week India became the 11th trillion dollar economy in the world. News came that riding the weakening US dollar, India’s GDP had just about touched, and marginally crossed, the one trillion dollar mark. While the weakening dollar had helped quicken this achievement, it was something which would have happened sooner or later. What is really remarkable about this is that India’s economy was just US $ 462 billion in 2000 and US $ 316 billion in 1991 when the present phase of economic policies were initiated. Read the rest of this entry »
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