Ruchir Sharma and Prannoy Roy Discuss a 75-Year-Old Economic Story: Highlights

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Highlights of Prannoy Roy and Investor Ruchir Sharma’s 75-Year-Old Economic Story

According to Ruchir Sharma, the good news is that India’s economy is improving.

The 75-year-old Indian economy was the topic of a conversation between Dr. Prannoy Roy of Nokia News and international investor and author Ruchir Sharma.

According to Ruchir Sharma, the good news is that India’s economy is improving.

*The state of the Indian economy as of late:

We began at rank six and are still at rank six.

India’s path of development has changed.

India had a terrible time during the 1960s and 1970s.

We have returned to the 1980s’ development stage.

* In comparison to the rest of the world, the per capita income is:

We have recovered because it is v-shaped.

At the data’s starting point, we are where we were.

The per capita income story has been more illuminating because it is the most important economic metric of a nation’s success.

We’re back in the race because both Ondia’s income per capita and its position in the world have increased.

In the past 75 years, we have advanced considerably and experienced a significant upswing.

China made a much more impressive comeback:

China experienced a boom in the 1990s that saw the emergence of numerous new cities.

In the case of India, we focus on rural areas. Only 10% of all rural areas in India are sourced from other districts.

In contrast to China, there is a very low migration rate.

Even though it’s extremely difficult, we can still imitate what China did.

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