Arvind Panagariya, President of the Financial Commission 16, has identified a visual vision but reliability for the future of India. He pointed out that the target of India to become a country that developed by 2047 is in the range of strong economic practices.
Information analysis over 21 years, Panagariya indicates that India has supported the world financial crisis, and the epidemic of the world. He said in celebration on 49, he said
Panagariya says that if growing growth rate was maintained, India reach the economy of 10 billion dollars within the next decade. This prediction estimates is a vision « Vikatit Bharat », which finds the boost of Pers Hapital. With around the current income of about $ 2,570, he grows at about 7.3% can lift it up to $ 14,000 in 2047.
Navigate short-term fluctuations, Panagariya noted that while acting on the third day of FY25. He noticed ordinary human trends to focus on bad news, even the overall estimated also positive.
Drawing information about information from 2003-04 Next – A period of India’s high-growing tract – a 3 year major crisis. By switching GDP numbers into a fixed dollar and now, when the smallest use of rupee.
Some pillars have been positively estimated: The democracy is effective and effective governance to secure security; The low income has a major catch potential; Young population, young can provide demographic dividends; And economic reforms and reforms are gradually transform India to become a competitive, competitive economy.
In conclusion, Panagariya’s message is clear. While short-term information may move, a long-term view, which confirmed that India is capable of supporting high growth rate. The next decades, the next 10.1% in the next decade can bring India to India, while income « Viksit Bharat » to reach 7.3%. By using its stable institutions, key advantages, and continuous reserves, India is setting up the status of the development in 2047.
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