CONTEXT: Despite India’s dismal Q1FY-2021 GDP figures, it is possible to achieve high growth in the coming decade, as found out by McKinsey Global Institute’s August 2020 Report ‘India’s Turning Point’.
Growth Potential
Government Steps to revive economy
Areas of reform:
Way Ahead:
Conclusion: We need to put energy and momentum behind these reforms, even during the pandemic, to meet the aspirations of millions of job-seekers, and remain one of the world’s outperforming emerging economies.