'Don't Take Growth For Granted': Ruchir Sharma Says Former Star Economies Lesson For India

#ruchirsharma #indiatodayconclave2024 #indiangovernment #coalitiongovernment #loksabhaelections2024
At the India Today Conclave Pop-Up Rajdeep Sardesai in exclusive conversation with Ruchir Sharma, Global Investor, Chairman Rockefeller International believes here are lessons for India from countries that once were branded as superstar economies but since have shrunk. "Never take growth or economic success for granted," Sharma said, citing examples of countries such as Canada, which was once a star but is now witnessing the worst economic performance in the past 10 years. He went on to mention Germany, South Africa and Chile among what he called 'breakdown nations'. To a question on if political stability can ensure India does not find itself stuck in a growth trap, Sharma said the best model for India is a government that "truly believes in reducing its role in people's lives". Sharma stressed on the effort to build better business confidence for foreigners and domestic audience. He further said that "extensive use of investigative agencies or giving them too much power" has deep consequences as far as investment was concerned.
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