India Requires 8-10% Annual Growth to Harness Demographic Dividend
The Reserve Bank of India (RBI) has emphasized the need for the Indian economy to achieve an 8-10% annual growth rate over the next decade to effectively harness its demographic dividend. This growth is crucial to maximize the economic contributions of India’s rapidly expanding working-age population. The RBI’s developmental strategy centers on enhancing labor quality and employability, particularly through the formalization of employment for youth and women. Challenges such as inflation risks due to external factors like weather and geopolitical tensions remain significant. Achieving and sustaining this high growth rate is essential for improving the living standards of India’s population.
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