Does India have a Comparative Edge?
Background
Some experts see India as a restless nation, with calls for change coming from almost every corner of society. Thus, economic growth accompanied with equally valuable improvements in quality of human life seems to be the most indispensable need of the hour.
The present Indian dream of becoming $5 trillion economy by 2024-25, needs a real GDP growth rate of 8 per cent on sustained basis. The dream envisages contribution of $3 trillion from services sector and rest from other sector.
As per one report of RBI, India is having revealed comparative advantage in exports based on IT enabled services ....
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