Prime Minister Modi said in his Independence Day speech that India must become a developed nation by the time we complete 100 years of independence. This means we should transform ourselves in one generation and become a high-income country by 2047. This can be met only through sustained high growth.
A growth rate of 6 percent during the next 25 years will see the economy reach a size of $16.4 trillion by 2047. At 8 percent it will take the economy to $20.6 trillion, and at 10 percent, it will be $32.6 trillion. This is the compounding power of growth.
A 6 percent real growth rate will translate into a per capita income of $10,000 by 2047. At 8 percent, it would be $14,000. At 10 percent, it would touch $22,000 and radically transform the lives of citizens.
This story is from the October 09, 2022 edition of THE WEEK India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 09, 2022 edition of THE WEEK India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
WHAT IS YOUR SLEEP PATTERN?
YOUR SLEEP PATTERN may influence your risk of chronic diseases.
VISION PROBLEMS MAY BE AN EARLY SIGN OF ALZHEIMER'S
ACCORDING TO A US STUDY published in The Lancet Neurology, a rare eye condition known as posterior cortical atrophy (PCA) could be the first symptom of Alzheimer’s disease in 10 per cent of patients.
ANNUAL BREAST CANCER SCREENING BEGINNING AT 40 SAVES LIVES
ANNUAL MAMMOGRAMS to screen for breast cancer beginning at age 40 and continuing to at least 79 has the highest reduction in mortality with minimal risks, according to a US study published in the journal Radiology.
SWEETENED DRINKS MAY INCREASE RISK OF AFib
REGULARLY CONSUMING SUGARY or artificially sweetened beverages can increase the risk of developing atrial fibrillation, the most common type of heart arrhythmia or irregular heartbeat.
MOST EFFECTIVE EXERCISES TO TREAT DEPRESSION
A STUDY PUBLISHED IN THE BMJ says walking, jogging, yoga, strength training and dancing are the most effective exercises to treat depression, especially when intense.
LYING TO YOUR KIDS MAY MAKE THEM LIARS
KIDS WHOSE PARENTS LIE to them are more likely to lie to their parents, even if parents tell only innocent white lies, according to a study published in the Journal of Experimental Child Psychology.
BAD AIR DAZE
AIR POLLUTION'S EFFECTS GO BEYOND THE LUNGS, IMPACTING FERTILITY AND MENTAL HEALTH, BESIDES YOUR EYES AND SKIN
Women and the big C
Cancer is one of the leading causes of death in India. Here, we bust common myths, and outline diagnosis, treatment and prevention strategies
Make genome the norm
For India to meet its target of TB eradication by 2025, it will have to make rapid strides in using whole genome sequencing to its full potential
ULTRA-PROCESSED FOOD LINKED TO 32 MAJOR HEALTH ISSUES
Regular consumption of ultra-processed food is associated with an increased risk of 32 major health outcomes, including early death, cancer, mental health disorders, obesity, type 2 diabetes and respiratory, cardiovascular and gastrointestinal diseases.