If growth rate is not over 6%, India will remain lower middle economy by 2047: Raghuram Rajan
Saturday, 16 December 2023 Former RBI governor warns that India will remain a lower middle-income country by 2047 if the growth rate remains at 6% annually without population rise. The country will reach the end of its demographic dividend and face the burden of an aging population. The per capita income will only quadruple to $10,000 if the current growth rate continues. Some southern states are experiencing a decline in fertility rate, leading to a slower population growth. The current pace of growth is insufficient to employ new labor force entrants and make the country richer before it gets older.
In Delhi, Union Minister Hardeep Singh Puri addresses the opposition's inquiries regarding PM Modi's vision. He emphasizes the Prime Minister's commitment to completing small tasks, leading to India's economy ranking fifth. Highlighting the Asian Development Bank's projection of a 6.7% growth rate,...
US Makes , Promise to Conserve , Old-Growth Forests .
On December 19, the Biden administration committed to
conserving old-growth trees in national forests across the
United States as the impact of..
Credit: Wibbitz Top Stories Duration: 01:31Published
Saturday, 16 December 2023
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