RBI’s Patra envisages India as ‘economic superpower’
India has chance to achieve “escape velocity” from emerging market status, deputy says
Four key factors count in India’s favour as a possible future “economic superpower”, Michael Patra said on August 13.
The Reserve Bank of India deputy governor highlighted how, on the seventy-fifth anniversary of its independence, India is now the third-largest economy in the world by GDP in purchasing power parity terms.
Four “engines” can “power India to achieve escape velocity from the emerging economy orbit and take off towards becoming an economic superpower”, Patra told a conference in
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