Chakravarthi Rangarajan on Monetary Policy After Liberalization
Ideas of India
The Future of the Indian Economy
Dr. Rangarajan: The system has evolved in such a way that something like the growth rate of 6% per annum is perhaps built into it. If you really want to become a developed country by 2047, India's per capita income will have to grow from the present level of something like $2,000 to something like $13,000. That may run into real problems because of the changed global environment and also actions which are required to take care of climate change," he says.
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