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March 04, 2010

Indian Economic Forecast for 2014 and up to 2030 and Indian Budgets for Space and Defence

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 pumped in a hefty US$32 billion (RM112 billion) for defence spending under its new 2010-2011 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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