India needs robust exports, investment growth to achieve 8% growth, says ADB economist
Efforts will also have to be made to streamline agriculture marketing and improve supply chain, he said, adding that this is the area where there is scope for more reforms. In its Asian Development Outlook, 2018, the Asian Development Bank (ADB) expects India's growth to pick up to 7.3 per cent in current fiscal and accelerate further to 7.6 per cent in the next financial year.
As Chinese exports are becoming expensive because of rising wages, India can reap benefits by improving competitiveness. Image source: Reuters