With 8-9% growth, it will take 20 years for India to become developed nation: former RBI Governor C Rangarajan

RBI Governor C Rangarajan said in order to reach the level of an upper middle-income country, it will take another two years and to be classified as a developed country, the per capita income will have to be at a minimum of USD 13,205 and that will take more than two decades of strong growth of between 8 to 9 per cent to achieve it.

from Economy-News-Economic Times https://ift.tt/FuCITZa
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