India Could Have Reached $5 Trillion GDP Sooner By Investing at Home Instead of Importing Gold, Says Nilesh Shah
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Nilesh Shah is a part-time member of the Economic Advisory Council to the PM.
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India could have achieved PM Modi's $5 trillion GDP target long before if not for habit of importing gold.
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In last 21 years, Indians have spent $500 billion on gold imports.
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Avoiding this one habit could have made India $5 trillion economy earlier.
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Instead of gold, investing in Indian entrepreneurs could have increased GDP and growth.