PREKSHA SHARMA | OCT 25, 2014
If India is to be taken seriously as a great power, its economy needs to expand from the present level of $2 trillion to $10 trillion, a fact understood by Prime Minister Narendra Modi. This is why he has made ‘Make in India’ his signature tune.
Professor MD Nalapat says that to tap India’s mammoth resources, Prime Minister Narendra Modi need to engage US and achieve the trillion dollar quest.
He adds that India needs put in place a regulatory structure which rather monitors than constricts new investment. Taxes, regulations and interest rates need to be lowered for the economy to boom in a way never seen since 1947.