New Delhi, Jan. 30 -- Chief Economic Advisor (CEA) V. Anantha Nageswaran on Friday said India can achieve robust economic growth even with a savings rate of around 30 per cent, provided policy reforms continue to improve capital efficiency and reduce costs of investment.

In an exclusive interview with ANI, responding to a question on how India can meet the ambitious growth targets of Viksit Bharat with a relatively modest savings rate, Nageswaran said growth depends not just on the volume of investment but also on how efficiently capital is used.

He stressed the importance of infrastructure development, deregulation, ease of doing business, and process reforms to lower the Incremental Capital Output Ratio (ICOR). "With a 30% savings rat...