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India's economy to hold top spot for GDP, employment situation will improve slightly

July 24, 2023
Source: firstpost.com firstpost.com
News Snapshot:
India’s economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment situation will improve only slightly. The world’s most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend, which demands an annual gross domestic product (GDP) growth rate of around 8% for the next 25 years. But reaching this milestone hinges on implementing key reforms in education, infrastructure, healthcare and technology. “If we want to realize that...
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