The former RBI Governor says even if India became a $5 trillion economy by 2025, it would retain the same classification as its population would have touched 1.4 billion
If the government wanted the economy to grow fast then it should act on savings and investment rates, said C. Rangarajan, former governor of Reserve Bank of India.
He was speaking at the inauguration of a two-day international conference on contemporary practices of technology and management for economic growth organised by the VIT Business School at VIT Chennai.
“If you want the economy to grow faster, you need to act on savings and investment rates. Only then you will be able to get a sustained higher rate of growth of the economy,” he said.
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