India needs a lot of big reforms to achieve 10% GDP growth potential

India has a rising stock market, falling oil prices and a stable, majority government all at the same time. India’s government under Prime Minister Modi needs to execute reforms so that India can achieve its full growth potential of about 10% GDP growth. 10% GDP growth is the level that India should be able to achieve based on its young demographics and stage of development.

Industry leader Deepak Parekh, known for his candid views on issues related to Indian economy and markets, said it is “suffice to say that a 10 per cent GDP growth will not happen without extensive judicial, electoral, police, labor and land reforms, along with financial sector reforms.”

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India needs a lot of big reforms to achieve 10% GDP growth potential

India has a rising stock market, falling oil prices and a stable, majority government all at the same time. India’s government under Prime Minister Modi needs to execute reforms so that India can achieve its full growth potential of about 10% GDP growth. 10% GDP growth is the level that India should be able to achieve based on its young demographics and stage of development.

Industry leader Deepak Parekh, known for his candid views on issues related to Indian economy and markets, said it is “suffice to say that a 10 per cent GDP growth will not happen without extensive judicial, electoral, police, labor and land reforms, along with financial sector reforms.”

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