GDP good, but not good enough for Viksit Bharat by 2047, say Surjit Bhalla, Montek Ahluwalia
4 Articles
4 Articles
India's economy recorded robust GDP growth of 7.8% in the first quarter of fiscal year 2026-27. Amidst this impressive figure, questions arose about the GDP calculation and the new series. Former Finance Secretary Subhash Chandra Garg and the Congress party questioned the data, while two prominent economists, Surjit Bhalla and Montek Singh Ahluwalia, dismissed allegations of manipulation. However, both stated that achieving a developed India by …
GDP good, but not good enough for Viksit Bharat by 2047, say Surjit Bhalla, Montek Ahluwalia
Viksit Bharat 2047 Vision: India posted a better-than-expected 7.8% GDP growth in the first quarter of financial year 2026-27. However, economists Surjit Bhalla and Montek Singh Ahluwalia say India's dream of being a developed nation by 2047 will require much more than just a few quarters of strong growth.
Amidst the controversy over the government's announcement that India recorded a GDP growth of 7.8 percent in the first quarter of 2026-27 despite global challenges, two of the country's leading economists have expressed doubts about whether India will become a developed economy by 2047, despite the improved GDP growth rate.
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