Rathin Roy: Visioning India 2032

Rathin Roy: Visioning India 2032: PM has tasked NITI Aayog to deliver a 15 year vision for India. Underpinning this commendable initiative is the widely shared assumption that India will grow at least at 8 per cent...



Excerpts:

"The Prime Minister has tasked NITI Aayog to deliver a 15 year vision for India. Underpinning this commendable initiative is the widely shared assumption that India will grow at least at eight per cent on average every year. This would mean that India's gross domestic product (GDP) would at least triple by 2032. Economists think of the consequences of this by asking: How will this growth alter the sectoral, investment, and trade composition of the economy? Will agriculture shrink, and manufacturing increase, in importance? Will services be as they are today with low-end personal ..."

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