India's GDP can grow to US$ 1.1 trillion

Dr William Lewis, director of the McKinsey Global Institute is very bullish on India's long-term economic growth. He is of the view that "India's GDP could grow to as much as US$ 1100 billion and India would be among the fastest growing economies in the world." The on-going reform program would help India achieve a transformation in a decade's time. He was speaking at a function in New Delhi on September 6th, 2001 where McKinsey India's report India: The growth imperative - understanding the barriers to rapid growth and employment creation - was released by Indian Prime Minister Atal Behari Vajpayee.
The Indian arm of the USA-headquartered consultancy MNC inferred that India should achieve a 10 per cent growth rate of gross domestic product a year. "This rate is not only possible, but also imperative if India is to avoid an unemployment crisis".
Covering 13 sectors that account for 26 per cent of GDP and 24 per cent of employment,