News Details

( 16 Apr 2018)
Indian should make exports competitive for 8% growth: ADB

ADB Economist Abhijit Sen Gupta has said that India can achieve over 8 per cent growth rate in a sustained manner if it takes steps to revive investments and make exports competitive.

Efforts will also have to be made to streamline agriculture marketing and improve supply chain, he said, adding that this is the area where there is scope for more reforms.

"Right now, the investment and exports drivers are really not firing... Once those two engines fire up India can sustainably grow at 8 per cent," Sen Gupta added.

In its Asian Development Outlook, 2018, the Asian Development Bank (ADB) expects India's growth to pick up to 7.3 per cent in current fiscal and accelerate further to 7.6 per cent in the next financial year.

“India is still a marginal player in global trade and there is a lot of potential to increase exports,” he said.