Business: India remains the world’s fastest growing large economy. World Bank chief economist Aurelien Kruse estimates that the country’s growth rate will be between 6 to 7 percent in the near future. However, the real challenge before India is to find ways to achieve 10 percent growth rate. He said that for this, focus will have to be given on productivity, efficiency and better integration in global value chains.

The main force of economic growth is its working population.
According to Kruse, the key driver of India’s economic growth is its large and ever-growing working population, which will continue to grow until around 2050. This favorable, i.e. high active working population, is an important asset for India’s economic progress. Additionally, India’s position as a rapidly emerging innovation hub is driving its productivity and competitiveness to new heights, especially in the digital sector and Global Competence Centers (GCCs).