The Economic Survey prepared by Chief Economic Adviser KV Subramanian is likely to detail reforms road map needed to fulfil Modi's goal of more than doubling the size of the economy to USD 5 trillion by 2024
We need to create between 1 – 1.2 crore jobs per year. Based on the data, with every 1 % growth, we create 7.5 lac jobs (World Bank), and so, we need to grow between 13.3 – 16 % per year to create this number of economic opportunities.
India is being marketed as a middle-income country with 135 crore population widely referred to as ‘consumers’, and this makes it looks attractive. However, research based on the data makes me believe that the numbers are widely exaggerated.