Moneycontrol Pro Weekender: The road to 2047
According to an RBI study, we need to grow real GDP by 7.6 percent per annum to be a developed economy. And that target is eminently achievable, say the researchersÂ
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According to an RBI study, we need to grow real GDP by 7.6 percent per annum to be a developed economy. And that target is eminently achievable, say the researchersÂ
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of the people, said the article titled 'India @ 100'.
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin.