To ensure India becomes 'Greece' with reasonable assumptions about population growth and currency depreciation, and assuming the incremental capital-output ratio remains at 5 (or potentially increases with technological advancements), investment (gross fixed capital formation, or GFCF) must reach at least 40% of GDP to achieve a long-term average annual GDP growth of 8% at current prices. Currently, India's GFCF stands at 35% of GDP. Read The Rest at :
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.
