Key Points
Former RBI governor Raghuram Rajan on Friday said that India needs increase its focus on two key areas, education and healthcare, to become a developed economy by 2047...
While speaking at the Kolkata Literary Meet, Rajan highlighted the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is no easy feat for any country...
He emphasised the need for governance reforms, as well as a focus on education and healthcare, to build a strong foundation, reported PTI...
"At a growth rate of seven per cent, India's per capita will grow from the current $2,400 to $10,000 in 2047, which will put the country in the low middle-income bracket," PTI quoted Rajan as saying...
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