Tag: India growth rate
‘India will remain lower middle income till 2047…’: Raghuram Rajan
[ad_1] Raghuram Rajan, former Governor of the Reserve Bank of India, has claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6% per annually without any population growth. Speaking at an event in Hyderabad, the former RBI governor said that if the nation does not grow fast economically, it will grow older demographically before it gets richer. The famous economist hinted towards the burden of an ageing population to deal with at that point. “If you do the math, ... Read more