Growth target for developed India: Viksit Bharat target needs 10% nominal GDP growth, says CII president Rajiv Memani; US trade pact to aid tech, exports

CII president Rajiv Memani emphasizes that India needs 10% average nominal GDP growth annually to realize its Viksit Bharat vision by 2047. He anticipates the India-US interim trade pact will reduce uncertainty, fostering technology transfers and partnerships. CII projects India's economic growth between 6.4% and 6.7% this fiscal year, driven by strong domestic demand.

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