India needs to grow closer to 8% to become a high-income country: World Bank

For India to become a high-income country, it needs to grow closer to 8 per cent and one of the critical aspects required would be a higher female labour force participation rate, the World Bank said on Tuesday.
The average level of female labour force participation rate for emerging market economies is around 50 per cent and it is 25 per cent for India, World Bank’s Country Director in India Auguste Tano Kouame said, adding “there is room for India to do even better”.
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