Growth hinges on local reforms, not protectionism: Indermit Gill

The World Bank's former chief economist, Indermit Gill, has emphasized that India's growth prospects depend on domestic reforms rather than protectionist policies. This means that the country should focus on implementing internal changes to improve its economy, rather than relying on barriers to shield itself from external competition. If India prioritizes domestic reforms, it can capitalize on its strong domestic consumption, low debt, and favourable demographics to drive growth. This approach will be crucial for the country's long-term economic development.

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India has strong domestic consumption, low private-sector debt, and favourable demographics. These factors contribute to the country's growth potential, making it less reliant on protectionism.

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