How long will take it for the average indian to be wealthy

Reference no: EM13225015

Lets figure out how long it will take for the average indian to be as wealthy as the average western european is today. Note that all numbers re adjusted for inflation, so were measuring output in piles of stuff, not piles of money. Indias GDP per sapita is $3,000 and lets say that real output per person there grows at 5 perccent per year. Using the rule of 70, how many years will it take for india to reach italys current level of GDP per capita, about $24,000 per year?

Reference no: EM13225015

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How long will take it for the average indian to be wealthy : Indias GDP per sapita is $3,000 and lets say that real output per person there grows at 5 perccent per year. Using the rule of 70, how many years will it take for india to reach italys current level of GDP per capita, about $24,000 per year

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