Indian economy can grow at eight percent by 2047: IMF Executive Director Subramaniam
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New Delhi. Krishnamurthy Venkata Subramaniam, India’s executive director at the International Monetary Fund (IMF), said the Indian economy could grow at eight percent by 2047 if the country can double down on good policies implemented in the last 10 years and accelerate reforms. . Subramaniam said that clearly the eight per cent growth rate is ambitious as India has not been able to grow at eight per cent consistently in the past, but it can be achieved.
“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 eight percent from here till 2047.” 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, India can become a US $ 550 billion economy by 2047.” India’s executive director at the IMF stressed the need to encourage the manufacturing sector for job creation. Also emphasized.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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