I doubt while saying that the growth should be about 8% for next 20 years, our Economic Advisor must be crazy. Or must be he has to take a lesson in mathematics.
How can he expect to grow at 8% regularly. At the end of 20 years we will be 466% above current level.
I think you can give a clarification to your statement.
I am deeply surprised that expert after expert predicts a growth rate with the kind of hole in our cooking vessel through corruption.NO AMOUNT OF PLANNING by these experts will produce any answer.Also none of theses experts who talk from five star hotels, or AC rooms or in big conferences in stock market discussion with out understanding INDIA's real strength&weaknesses.If these so called americanised experts donot put a plan to make AGRICULTURE FLOURISH,put in place a MECHANISM to make MASS TRANSPORTATION A REALITY , WHILE MAKING PRIVATE TRANSPORT VERY EXPENSIVE, MAKE EDUCATION FREE AT ALL LEVELS there can be NO INDIA CENTRIC GROWTH.Industries making CARS, LUXURY VEHICLES for indian populace is VERY VERY BAD for this country.Making COLLECTIVE FARMING A REALITY AND PUSHING THE CAR &TWO WHEELER MANUFACTURING COMPANIES TO MAKE FUEL EFFICIENT BUSES, HIGH QUALITY AGRICULTURAL IMPLEMENTS TO MAKE AGRI EXPORTS with no govt intervention a reality these expert will be no better than Montek singh or an ASTROLOGER. SCIENTIFIC AGRICULTURE, MASS TRANSPORTATION STRATGIES &TOTAL FREE EDUCATION WOULD BE THE WAY FORWARD FOR AN UNITED STRONG INDIA.
Like all you will end up being dejected pls ask Mr rajan pf his experience of being central bank chief , No country can grow for 20% GDP for next 20 years
