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India needs a consistent 10% growth rate in the economy so as to meet the basic needs of its 21st century democracy. Even after 72 years of Independence, the country is still battling with "Underdevelopment of development and development of Underdevelopment." This is evident from the critical short and medium term requirements of India given as follows:
For this, India needs to undertake more substantive economic reforms in multi-sectoral format if it wants to push its economic growth rate to its long-held target range of 8 to 10 percent a year. This reform push needed by the government can be given as follows;
Overall, these steps, taken at an accelerated pace with a bottom-up approach can lead to creation of necessary forward backward linkages that can propel the economy towards double digit growth.
By: Abhishek Sharma ProfileResourcesReport error
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