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The Hindu
The Hindu
National
The Hindu Bureau

Roadmap for 2047 should include an average growth of 7% to 7.5%, says senior Finance Ministry official

Vivek Joshi India Ministry of Finance

The roadmap for 2047, includes an average growth of 7% to 7.5%; rise of domestic savings to 31% of GDP; rise in credit-to-GDP ratio to 130% among others, said Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance on Friday.

A focus on financial sector reforms aimed at creating stability, resilience and efficiency in the financial sector, and based on technology and digitisation would contribute greatly towards stimulating inclusive growth and help India to emerge as a developed country by 2047, Mr. Joshi said.

The senior officer was speaking during the session on “Strategizing India’s Prosperity: Next Gen Reforms” at ‘The Global Economic Policy Forum 2023’ organised by the Department of Economic Affairs, Ministry of Finance, Government of India and the Confederation of Indian Industry (CII).

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