Navigating global headwinds will require strategic, prudent policy management and reinforcing the domestic fundamentals
Risks to inflation remain on account of significant global political, economic uncertainties
Investment activity expected to pick up, supported by higher public capex and improving business expectations
India needs to improve its global competitiveness through grassroots-level structural reforms
Forex at $640.3 billion, sufficient to cover 10.9 months of imports and 90 per cent of external debt
Ease of Doing Business (EoDB) 2.0 should be a state government-led initiative focused on fixing the root causes behind the unease of doing business
India should redouble its efforts to boost exports and attract investment. One way to do this is to benchmark ourselves to the rest of the world rather than our past.
India needs a continued step-up of infrastructure investment over the next two decades for high growth
Only few states like Gujarat, Uttarakhand and Himachal Pradesh are able to cash on their high dependence on industrial sector to generate reasonable levels of incomes for their people
Service oriented Indian economy vulnerable to automation, impact of AI is magnified for India given its size and its relatively low per capita income
Corporate sector has to display a high degree of social responsibility
Reserach to increase pulses, oilseeds, tomato, onion production needed to develop climate-resilient crop varieties, enhancing yield and reducing crop damage
India needs to grow by 8 per cent on average for about a decade or two to become a developed nation by 2047
Investments need to grow at 35 pc, up from 31 pc, to achieve required growth
Focus of reforms, economic policy must now be on systematic deregulation
Need to develop the manufacturing sector further and invest in emerging technologies such as AI, robotics, and biotechnology.
