 "Amiyatosh Purnanandam")
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Amiyatosh Purnanandam, economist, University of Michigan
India needs to improve on reducing regional inequalities and invest in human capital in order to become a developed country by 2047, Amiyatosh Purnanandam, economist, University of Michigan, says in an interview with Ruchika Chitravanshi in New Delhi. He adds that the government needs to incentivise good long-term risk taking by banks to push private investment. Edited excerpts:
India wants to become a developed country by 2047. Are we on the right track?
You need about 7-8 per cent growth rate for the next 25 years. And there’s of course a whole lot of uncertainty. That will
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