New Delhi, Oct. 21 -- There has been welcome talk in recent days about raising the bar on economic performance. Finance minister Nirmala Sitharaman said in the course of her opening remarks at the Kautilya Economic Conclave that the Indian economy needs to grow at 8% a year if we have to reach the goal of becoming a developed country by 2047, the centenary of our independence.
In his statement after the latest monetary policy was announced, Reserve Bank of India Governor Sanjay Malhotra noted that economic growth continues to be below our aspirations.
This is not the first time that he has spoken about an aspirational growth rate, which is quite different from the potential growth rate that policymakers usually focus on. The latter tell...
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