8% long-term growth target ambitious: KVS
IMF India ED KV Subramanian says job creation crucial, focus needed on strengthening manufacturing sector
image for illustrative purpose
New Delhi: Indian economy can grow at 8 per cent till 2047, if the country can redouble the good policies that it has implemented over the last 10 years and accelerate reforms, India’s Executive Director at International Monetary Fund (IMF) Krishnamurthy Venkata Subramanian said on Thursday.
Subramanian further said that clearly 8 per cent growth target is ambitious, because India has not grown consistently at 8 per cent before, but it is achievable. “So, the basic idea is that with the kind of growth that India has registered in the last 10 years, if we can redouble the good policies that we have implemented over the last 10 years and accelerate the reforms, then India can grow at 8 per cent from here on till 2047,” he said at an event.
