Raghuram Rajan Predicts India Will Stay Lower Middle-Income Country Till 2047

2023 • 7min • News • Business


Published On: December 18, 2023 - Raghuram Rajan says India will stay a lower middle income country till 2047 if India’s growth remains 6% without any rise in population. Rajan says that India will reach its demographic dividend by 2047. As a result, India will get older before it gets richer, if the nation doesn’t grow fast. He adds that the current growth pace is not enough to employ everyone in the labour market. Join News9’s Krishnakumar and Kartik Malhotra for more on this story.