To be counted among the developed nations, India will need to grow at over 7 per cent each year consistently for the next two decades. But for this, it will first need to raise the investment rate to 35 per cent of the GDP. Till such time, the central government much keep up the tempo of its capital expenditure.
2026 & beyond: Dr Rangarajan for 2 % rise in investment rate with a firmer grip on sector-specific linkages
