Economists Warn 6.5 Percent GDP Growth Insufficient to Elevate India to Developed Status

A panel of leading economists warns that India's current 6.5% to 7% GDP growth is insufficient to achieve its goal of becoming a developed nation. To escape the middle-income trap and boost per capita income beyond USD 2,600, India requires durable growth of 8%, driven by a revival in private corporate investment and increased research and development.