We can, of course, no more be satisfied with a 7–9 per cent growth rate if we want to become an economically developed country by 2040, and overtake China before 2030. The Indian economy, thus, needs to grow at 10+ per cent per year for the next ten years to achieve full employment and for India’s GDP to overtake China’s and pave the way to forming a global economic triumvirate with the US and China by 2050.
