An interesting observation!
India can achieve the magic mark of double-digit growth rate with some simple effort. All it requires is a four-pronged strategy. Here you go:
First, A ten percent increase in digital penetration will boost our GDP by 1.4%.
Secondly, A five percent increase in FDI 2% increase in GDP. Possibly this is the reason why Modi Ji is always out of the country.
Thirdly, The passage of GST bill will add another 1.5 to 2% in the GDP. This will substantially reduce the tax parity and would help in attracting greater FDI by improving India's rank on "ease of doing business" index.
Fourth, The use of Direct benefit transfer policy for transferring subsidies directly to UID-linked Jan Dhan account will boost the economy by another 1.2%.
The sum total is 6.1%. Even if we normalize these figures then we can conservatively hope for five percent increase. This will push India beyond the magical figure of ten percent. See so simple.
And if we wish to breach the 15% mark then we should focus on Transport sector, most specifically road sector. This will add another 4% to GDP.
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