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analyzed by many economists, including this author. The related GDP
projections in the BRICS reports have also been summarized in Moorthy
(2017), followed by critical commentary. See Section 6.2 Speeding Along
the GDP Autobahn, about the first BRICS report, and Section 6.3 India in
The Fast Lane, 2017, about the second BRICS Report, followed by Section
6.4 The Unexpected Slowdown, Pg. 123-130.

PM Modi stated that “The goal, to make India a 5 trillion dollar
economy by 2024, is challenging, but can surely be achieved. States
should recognise their core competence & work towards raising GDP
targets right from the district level”

Table One: Actual and Projected $ Nominal GDP (in Billion. )* (to
insert third column for exchange rate)
Year As of Apr Growth Exch. Rate
2019 Rate
2004 721.6 44.16
2005 834.2 15.6 43.54
2006 949.1 13.8 44.83

2007 1238.7 30.5 39.55
2008 1224.1 -1.2 45.05
2009 1365.4 11.5 46.63
2010 1708.5 25.1 44.69
2011 1823.1 6.7 47.92
2012 1827.6 0.3 54.41
2013 1856.7 1.6 60.50
2014 2039.1 9.8 61.14
2015 2103.6 3.2 65.47

2016 2289.8 8.8 67.09
2017 2652.3 15.8 64.45
2018 2716.8 2.4 69.92
2019 2972 9.4
2020 3257.7 9.6
2021 3577.3 9.8
2022 3924.1 9.7

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