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Jayanta Roy: Why India needs a 10% growth rate

India's current per capita income is less than a third of Thailand's, and less than a sixth of Malaysia's

Jayanta Roy

The NITI Aayog is working on a vision paper which probably will cover all aspects of development. Simultaneously, it should produce a “development perspectives” paper outlining the steps that need to be taken for India to move by 2025 from a Low Middle Income Country to a High Middle Income Country (HMIC), in terms of GDP per capita, ease of doing business and key social indicators.   The paper should outline steps needed to implement reforms in the social sectors and to achieve a sustained growth of 10 per cent or more. There is no way to achieve this target without ...