India’s road to a developed economy requires Ease of Doing Business 2.0 reforms and a further push to growth, the Economic Survey 2024-25 released on Budget eve has said.
The Indian economy is expected to grow in the 6.3-6.8 percent in FY26, close to the previous year’s growth estimate of 6.4 percent.
The economy needs to grow at 8 percent, around 1.6 percentage points higher, to emerge as a developed economy. Similarly, investment rate needs to rise 2 percentage points, literacy 20 percentage points and energy consumption fourfold.
India created 7.2 million non-farm jobs a year annum in the past decade. This needs to be ramped up to 7.85 million.
MC takes a look at how far the economy is from its Viksit Bharat goals.
India needs to ramp up growth to achieve Viksit Bharat goal
Investment rate also needs to be around 35%
We are still far from literacy goal
India needs to ramp up its energy consumption
And, create 7.85 million non-farm jobs
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