Open market required for India to sustain 8-10% growth: CEA

The main beneficiaries of such market policy have been middle income countries and the continuation of this is in their interest, he said.

India needs open markets to grow at 8-10 per cent, said Chief Economic Adviser Arvind Subramanian, expressing concern over growing protectionism in global markets.
 
He further said India witnessed fastest growth when exports were highest.
 
Moreover, any reversal of globalisation is something that “we should be very anxious about because if we want 8-10 per cent growth, I think we need open markets,” he said.
 
Also the main beneficiaries of such market policy have been middle income countries and the continuation of this is in their interest, he said at an event organised by ICRIER. 
 
(Source: Agency) 

Event date: 
Friday, June 9, 2017

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