Kumar: India Unlikely to Achieve Growth Needed for $5T Target
Prof. Arun Kumar · Why Is No One Talking About India's Unorganised Sector? Economist Arun Kumar Explains | Neon Show · Sep 7, 2024 · at 11:11
Economist Professor Arun Kumar discusses India's macroeconomic targets and the growth rate required to become the world's third-largest economy.
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“Assuming that the data is correct, that the Indian government is putting out, we will need at least a nine percent rate of growth if in the next three years we are to reach the third largest economy, that five trillion dollar goal. And we've had only six and a half percent average rate of growth for the last 10 years. So we are unlikely to achieve suddenly nine percent rate of growth also.”
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