Key Points
'India may still be poor': Former RBI guv Subbarao says 3rd-largest economy tag no cause for celebration ..
With a per capita income of $2,600, India is in the 139th position in the league of Nations in terms of per capita income..
And the poorest among BRICS and G-20 nations, he further pointed out..
Even after becoming the world's third-largest economy by 2029 as seen by Prime Minister Narendra Modi, India may still be a poor country and therefore there is no reason for celebration, former Reserve Bank Governor D Subbarao has said.. Subbarao was speaking at a book launch programme where he, citing Saudi Arabia, said that becoming a rich country does not necessarily mean becoming a developed nation...
Recalling PM Modi saying that if he returns to office, India will become the third-largest economy before 2029 -- before the end of his third term, he said many economists predict that the country would become the third largest after the US and China, much sooner...
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