Saturday, November 11, 2017
Venue: NDMC Convention Centre, Connaught Place, New Delhi
The World economy is US $78 trillion in 2017 as compared to US $53 trillion in 2010 and US $27 trillion in 1990. The World, as a whole, had grown as at CAGR of about 4% pa during the period 1990-2016. This growth rate is going to be moderated further, and it is expected that future World growth rate will be near to 3% pa. It is new ‘Normal.’ This World GDP of US $78 trillion is comprising of agriculture share of 5.9%, manufacturing share of 30.5% and 63.6% share of the service sector. The World economy is increasingly dominated by the service sector, followed by the manufacturing sector.