Breaking out of the 6% GDP growth trap: A roadmap to 8% and beyond

In the past 25 years, India's growth rate has been stuck around 6 per cent except the period 2006-10, when India briefly reached 8 per cent

In an aspirational India, which seeks to move from per capita per annum gross domestic product (GDP) of $2,800 to $20,000 by 2047 (the status of being a developed nation), the magnitude of growth is important. In my view, the four economic indices taken at two different points of time, as listed in the table, closely mimic the growth path our country has taken.

  The trend of these indices is captured over the past 25 years, which had a government led by Atal Bihari Vajpayee, two governments led by Manmohan Singh, and two led by Narendra Modi.

  The