Smaller peers racing ahead

India must focus on pvt investment, exports for higher growth

A forecast of global growth till 2030 conducted by economists at Standard Chartered Bank has concluded that five economies in Asia and two in Africa will grow at 7 per cent over the period. While the economists conclude that India will be one of these economies, it is useful to note how it performs significantly below some other competitors. The economists predict, for example, that by 2030 Bangladesh will have a per capita income higher than India’s. Meanwhile, Vietnam, which has a per capita income of only 30 per cent more than India now, will by then have a per capita income of ...