India needs to grow by 8% amid geopolitical uncertainties, says finance ministry
Published on: Aug. 19, 2025, 3:55 p.m. | Source: Economic Times
India's finance ministry projects an 8% annual economic growth target for the next decade to achieve developed nation status by 2047. This ambitious goal requires boosting the investment rate to 35% of GDP. The government plans to stimulate domestic demand through tax cuts, while navigating geopolitical uncertainties and trade challenges, including potential U.S. tariffs.
