8-10% growth a must for India: Singapore
29/08/2016 00:04
Singapore deputy PM Tharman Shanmugaratnam has said that a growth rate of 8-10 per cent was not a luxury but a necessity for India as it was engaged in a race against demographics that made creation of jobs in an inclusive framework for millions a matter of absolute urgency. Commenting on the issue, Singapore deputy PM Tharman Shanmugaratnam told the media, "India has the largest unfulfilled potential of any country I know in the world and it needs urgency to achieve that." "This potential is fully within reach. But it cannot be achieved with current day policies. It requires, as PM Narendra Modi just said, rapid transformation not gradual evolution.” "Put globally, India over-intervened in its economy and under-invested in social and human capital. It has overreached itself in regulating its economy. To achieve its full potential, it will therefore have to do less in some area and have to do a lot more in other areas," he said.
29/08/2016 00:04
