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India needs 8% growth to topple China as global driver, Barclays says
![IndiaTimes]()
Tuesday, 10 October 2023
Barclays estimates that India's economy needs to grow at a rate of 8% per year in order to surpass China as the largest contributor to the global economy. To achieve this, the country should focus on investing in traditional sectors such as mining, utilities, transport, and storage, which have stronger spillover effects on the broader economy. The government will need to increase its investment in these areas, as capacity constraints require additional funding.
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Tuesday, 10 October 2023
