India Must Lift Investment Rate to 34–35% of GDP to Sustain 7% Growth, Says EAC-PM Chair S Mahendra Dev
India’s long-term economic growth hinges on a decisive increase in its investment rate, according to S Mahendra Dev, Chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM). Speaking at the First ISID@40 Distinguished Person Lecture in New Delhi, Dev emphasized that India must raise its investment rate from the current 31–32% to at…