India needs more savings, private capital to sustain 7-8% growth, says N.K. Singh
N.K. Singh emphasized the need for India to increase gross domestic savings from 34% to 38-40% of GDP to sustain 7-8% growth. Speaking at a conference in New Delhi, he highlighted the importance of augmenting resources and improving capital allocation to attract private investment. Singh's recommendations include tailored fiscal policies for states and enhancing infrastructure to boost productivity.