Economy must grow 8% yearly amid geopolitical uncertainty: Centre
The Finance Ministry stated that Indian economy, taking ongoing geopolitical uncertainties into account, must expand by 8% annually over next decade. With a current growth rate at 6.3%-6.8%, the comment aligns with Indian government's goal to achieve 'developed' status by 2047. To achieve this, India's required to lift investment rate to about 35% of GDP from current 31%, said ministry.