Foreign exchange News
India to be $2-trn economy by FY13-end?
India may turn into a $2-trillion economy by the end of this financial year, provided the rupee remains below 50.79 against the dollar during this period. The government has projected India's gross domestic product (GDP) for 2012-13 at Rs 101 lakh crore, against Rs 88 lakh crore in 2011-12—a growth of 14.7 per cent.
In 2011-12, when the rupee stood at an average of 47.95 against the dollar, the
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