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Pvt sector’s role vital in ensuring durable 8% real GDP growth in India: IMF executive director

By Economic Times - 3 months ago
IMF executive director Krishnamurthy Subramanian highlighted the need for India’s private sector to enhance innovation and productivity to achieve a $55 trillion economy by 2047. He emphasized higher R&D spending, better credit for SMEs, and state reforms as key factors, while acknowledging challenges like climate change and geopolitical issues.

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