India can keep growing at 7% if it curbs inequality, boosts demand: Stiglitz at HTLS 2026
India, Nov. 14 -- The Indian economy can keep growing at 7% if it keeps income inequality in check and domestic demand strong, Nobel laureate economist Joseph E Stiglitz said on Saturday, calling for heavy public investment in infrastructure, education and the environment, and warning that climate change and artificial intelligence would test the country hard.
"If you manage domestic demand, you make sure that income inequality is not too great, then I think there is enough domestic demand, enough room to grow, because you're still so much below the global frontier that I think there's no reason why you can't continue to grow at 7%," Stiglitz said at the 24th Hindustan Times Leadership Summit, in conversation with Dr Niranjan Rajadhyaksh...
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