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Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
NITI Aayog member and economist Arvind Virmani says Raghuram Rajan's comments seemed like those made by global experts who have never been to India
Rajan, in a Bloomberg interview, said it is unlikely that India will not be a developed economy by 2047 adding that it would be "nonsense" to talk of that goal "if so many of your kids don't have a high school education and drop-out rates remain high."
Former RBI governor Raghuram Rajan has come under fire for his remarks on India's growth and saying that there are significant structural problems that need to be fixed.
In a recent interview, Raghuram Rajan said India was making a big mistake in believing the hype around its strong economic growth.