New Delhi, Jan. 31 -- India must fire up domestic growth engines with deregulation and private investments to stay the course at a time when the tide of globalization has gone out, the Economic Survey for 2024-25 said. If India has to achieve its goal of becoming a developed nation by 2047, it must grow at a rate of 8% for at least a decade, the crucial pre-budget document said, amid worries of a slowdown in the backdrop of an uncertain world.

As aggressive trade policies rear their heads overseas, the government should "get out of the way of businesses" to support higher investments that would unleash growth potential and support sustained growth close to 8%, the Survey presented in the Parliament on Friday showed.

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