Business Memo-2

Business Memo-2 - MEMORANDUM TO: Dr. Ansari FROM: Brenda...

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MEMORANDUM TO: Dr. Ansari FROM: Brenda Chan DATE: February 10, 2012 SUBJECT: Projected GDP of India in 2016 India’s gross domestic product (GDP) growth rate was fairly high at the beginning of 2010, clocking in at about 9.5%. But since then, India has experienced a decreasing GDP growth rate, dropping about 2% to 3%. The question at hand is to estimate the future GDP of India in 2016. The equation for approximating any future GDP is GDP(t) = GDP(0)*(1 + r ) t with GDP(0) = 2011 and t = 2016 – 2011 = 5. For estimating the GDP in 2016, three scenarios with different estimates will be used to give a better idea of what the GDP in 2016 will be around: optimistic estimate, most likely estimate, and pessimistic estimate. Using the GDP in 2011 and three different growth rates for the three different scenarios, a good idea of the GDP in 2016 will be found. The first step is to find the GDP of India in 2011. According to the United States Central Intelligence Agency website, the estimate of the GDP (official exchange rate) of India in 2011
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This note was uploaded on 03/31/2012 for the course BUAD 104 taught by Professor Schwartz during the Spring '10 term at USC.

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Business Memo-2 - MEMORANDUM TO: Dr. Ansari FROM: Brenda...

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