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India could be 40 times bigger by 2050, and may also have the potential to be larger than the US by that time. However, to achieve this, India needs to implement many changes, a global research report has said.
The global research report on ‘Ten Things for India to Achieve its 2050 Potential', has been brought out by Jim O'Neill, Head Global Research at Goldman Sachs, and Tushar Poddar, V-P Research, Asia Economic Research Team at Goldman Sachs India.
The report lists a number of things for India to do, that includes improving its governance, controlling inflation, introducing credible fiscal policy, liberalising financial markets, increasing trade with its neighbours, raising educational achievement and increasing quality and quantity of universities.
“Delivery of all these and more would ensure strong, persistent, medium-to-long-term growth, allowing India to reach its amazing potential,” the report says. (Source: Economic Times)
June 20, 2008
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