Indian annual economic growth can be 8% for next 20 years: UN experts
India can achieve an 8% growth rate for the next two decades by promoting investment and improving the living conditions of its people, a senior United Nations (UN) the economic official has said. The country needs to unleash the next set of reforms to achieve its potential. “It needs to think as to how to maintain and consolidate its growth for a very long period of time. India in our assessment has the potential to grow at eight percent, not for a few years, but 20 years.
The UN, in its latest report, projected India’s growth rate to be 7.2% in 2018 and 7.4% in 2019. The annual World Economic Situation Prospects report, released last week, said the gross domestic product (GDP) growth for India in 2017 is projected to be 6.7%. Several factors have led to India’s “positive” economic conditions
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