“The kind of growth India has seen in the last 10 years can be achieved if we double down on the good policies implemented in the last 10 years and accelerate reforms,” Venkat Subramaniam said at the Times Now Summit on Thursday. So India can grow at the rate of eight percent from here till 2047.
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Figures were better than expected
India's economy grew at a better-than-expected 8.4 percent rate in the last three months of 2023, which is the fastest pace in the last one and a half years. On the basis of the growth rate in October-December, the estimate for the current financial year was increased to 7.6 percent. Subramaniam said, “If India grows at the rate of eight percent, then by 2047 India can become a US $ 55 trillion economy.”
India's executive director at the IMF also stressed the need to encourage the manufacturing sector for employment generation. Let us tell you that despite the weak global situation in the last 2 years, India's economy has performed well. Many international agencies have increased India's GDP estimates.
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Tags: Business news in hindi, GDP growth, India economy, India GDP
FIRST PUBLISHED : March 28, 2024, 3:57 pm IST