16th Finance Commission Chairman Arvind Panagariya predicts India's economy could reach 9% growth in 5 years with additional reforms, citing PM Modi's business-friendly climate.
India's economy can reach close to 9% growth in the next five years by implementing additional reforms, according to Arvind Panagariya, Chairman of the 16th Finance Commission. Panagariya said Prime Minister Narendra Modi has made India a friendly place for businesses, leading to increased investment. With current economic growth at around 7%, India can realistically push this to 8-9% with further reforms.
March 27, 2024
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