india parameters for growth healthy macroeconomic fundamentals average annual rate in the 50s 60s and 70s 3 5 80s 7 during 1990 2005 6 0 last three years 8 is now targeting a of 9 plus over next fiscal deficit external debt composition gdp trade calibrated globalization reduction import tariffs liberalization fdi regime fully convertible current account moving towards fuller capital convertibility complying with wto norms to plug into global economy collection rates buoyant corporate performance striking future projections what goldman sachs says likely show fastest 30 50 could be higher than close as late 2050 s will exceed italy 2016 france 2019 germany 2023 japan 2032 become world 3rd largest by unmatched demography 1 billion population 52 below age 25 median would remain even
