Question
Which of the following is not true regarding
‘Advantage India’?Solution
Important Points regarding Advantage India are: •Population of 1.31 billion out of which 767 million falls in the age group of 15-64 age group, and also set to become the youngest country with average age of 29 years by 2025 •2nd largest Internet users base with 462 million Internet users. •India has demonstrable capability to reach near 100% literacy level by 2025 •Considerable Upward mobility among all sections, more 150 million will be added to middle class by 2025 which will create Huge consumer market base of US$ 3.6 trillion by 2020 (BCG Report) •3rd largest economy in the world with size of US$ 8.6 trillion by purchasing power parity (PPP) and is expected to rise to US$ 20 trillion in size by 2025 •Fastest growing economy in the world with the rate of 7.6% in 2015-16 •India has an immediate investment opportunity of $1 trillion (Economic Times) •India enjoys stable/positive ratings from major credit rating agencies around the globe and has a total foreign exchange reserves of US$ 371 billion as on 30th Sep 16 •2nd largest Railway Network in the world, used by 23 million travellers every day •2nd largest Road Network in the world stretching 3.3 million km •12 major ports, 200 notified minor and intermediate ports
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