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Finances

If Growth Rate Is Not Over 6%, India will Remain Lower Middle Economy By 2047: Raghuram Rajan

PTIBy PTIDecember 17, 2023No Comments1 Min Read

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“When you do the mathematics, at 6% a 12 months, you double each 12 years, and due to this fact in 24 years, we’ll be 4 instances our per capita earnings. At the moment, the per capita earnings in India, as , is just a bit beneath $2,500 per individual. multiply by 4, we get $10,000 per individual…So should you do the mathematics, at our present fee of development, , sturdy as it’s highest within the G20, we do not get wealthy however we keep decrease center earnings until 2047”, he mentioned.



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Economy Growth India Middle Raghuram Rajan rate remain
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