....but policymakers need to deliver, says Deloitte
A young demographic base (60 percent of the population aged between 15 and 60), growing income, expanding middle class, the world’s largest pool of educated workforce, and a stable democracy are conditions that should fuel rapid economic growth of any nation. It worked for India too, though briefly, between 2004 and 2011, when GDP growth touched 8.3 percent. But the momentum slowed thereafter, and growth tapered to a disappointing sub-5 percent due to structural challenges and policy paralysis.
(This story appears in the 28 November, 2014 issue of Forbes India. To visit our Archives, click here.)