The Indian economy doesn’t need “heroic assumptions” to meet the Viksit Bharat target. If real growth averages 7% a year over the coming decade, and US inflation is about 3%, then the growth rate in dollar terms will be 10% a year, he estimated. The economy needs to expand at about 9.3% a year to achieve developed nation status by 2047, Chief Economic Adviser (CEA) V Anantha Nageswaran said in an opinion piece in Mint newspaper.
