Therefore, as policy makers and business leaders, we should be thinking about exploiting the opportunities and preparing ourselves for the challenges of managing a multitrillion dollar (and not a one trillion dollar) economy!
Although some argue that India catapulted to the trillion dollar league in 2007 on account of GDP valuation based on sharply appreciated exchange rate that resulted from huge inflows of foreign exchange, most others consider this as an emerging sign of take-off that could accelerate the growth momentum going forward.