8% growth imaginable goal for India: Larry Summers

8% growth imaginable goal for India: Larry Summers

Larry Summers, an American economist and former US Treasury Secretary, believes that India has the potential to achieve a growth rate of 8%. In an interview, Summers expressed his optimism about India’s economic prospects, stating that an 8% growth rate is an imaginable goal. He highlighted India’s young and talented workforce, as well as its increasing focus on technology and innovation, as key factors that can contribute to its economic growth. Summers also emphasized the importance of sound economic policies and reforms in ensuring sustainable and inclusive development. He urged Indian policymakers to prioritize investments in education, infrastructure, and healthcare to unlock the country’s full growth potential. Summers’ positive outlook on India’s growth trajectory aligns with the country’s ambitious goal of becoming a $5 trillion economy by 2025. With concerted efforts and effective policy implementation, India can strive towards realizing its economic potential and improving the lives of its citizens.

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