India’s turning point: An economic agenda to spur growth and jobs
India is at a decisive point in its journey towards prosperity, and it is time to make the next step change in the pace of reform. The economic crisis sparked by COVID-19 could spur actions that return the economy to a high-growth track and create gainful jobs for 90 million workers by 2030; letting go of this opportunity could risk a decade of economic stagnation. This report's key findings are: A reform agenda can be implemented in the next 12 to 18 months to pave the way for economic growth in the coming decade. With 90 million more workers in search of non farm jobs by 2030, India needs to act decisively to resume its high‑growth path. Financial-sector reforms and streamlining fiscal resources can deliver $2.4 trillion in investment while boosting entrepreneurship by lowering the cost of capital for enterprises by about 3.5 percentage points.
