New Delhi, April 23 -- In an open letter addressed to the Prime Minister of India, global research firm Bernstein has outlined a series of structural challenges and policy priorities critical to sustaining India's long-term economic growth, while cautioning against complacency amid recent macroeconomic gains.

In the letter, Bernstein acknowledged India's improved macroeconomic stability and its strategic shift toward productive capital expenditure since 2019. However, it warned that extrapolating recent success without addressing persistent structural constraints could result in the country underperforming its long-term potential.

Highlighting the changing global landscape marked by supply chain realignments and rapid advancements in ar...