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EAC-PM chair calls for raising investment rate
Business Standard
|November 20, 2025
34-35% rate will help achieve GDP growth of over 7% ; private sector's role crucial: S Mahendra Dev
India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.
He added that for this to happen, the role of the private sector is crucial.
Speaking at the Delhi School of Economics, he stressed the need to increase savings in order to finance investment through financial sector reforms, especially due to uncertainties affecting foreign investment.
Dev underlined the need for India to move to a labour intensive, high manufacturing growth to become a developed country by 2047.
Highlighting how “the missing middle” in Indian manufacturing — where most firms are either small or large sized — is obstructing productivity
This story is from the November 20, 2025 edition of Business Standard.
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