Make in India performance, 2047 target for economy

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Becoming the third-largest economy is not difficult for India, but the country faces challenges due to “widening income and wealth inequality”, says Singh. The piece identifies some of these challenges—sticky inflation, unemployment among educated youth, the presence of the informal business sector, and sluggish demand, with only a nominal expansion in consumption. The manifesto, while promising to make India the third-largest economy, “offers no detail on how Modi would make that happen”, says the piece by Ritesh Kumar Singh, corporate economist and former assistant director of the Finance Commission of India. While laying down an “active agenda” on non-economic issues,...