Section

'Nearly 6% growth in productivity needed for India, China to catch up with developed nations'

By Economic Times - 7 months ago
McKinsey Global Institute predicts that emerging market economies like India and China will achieve faster productivity growth and living standards if they maintain a 6% annual growth rate. These economies contributed nearly half of the productivity gains between 1997 and 2022, helping lift nearly a billion people out of poverty.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.