Economic growth needs to be sustainable and inclusive: B.H. Nagoor

Economist B.H. Nagoor argues that India must shift its focus from high GDP growth to sustainable, inclusive, and productive economic development. He emphasizes the need for improvements in manufacturing, human capital, and innovation to reach developed nation status by 2047.
Why it matters
This perspective highlights the structural challenges India faces in maintaining its economic momentum and ensuring equitable prosperity.
Economist and professor B.H. Nagoor on Sunday (August 30, 2026) said that India’s economic challenge is no longer just about achieving high growth, but making that growth sustainable, productive and inclusive.
The Senior Professor of Economics and Director at UGC Malaviya Mission-Teacher Training Centre was delivering the Prof. C.B. Tigadi Memorial Lecture on “Indian Economy: Journey So Far and Road Ahead”, organised by the Department of Management under Karnatak University, Dharwad.
“India has transformed dramatically since Independence—from an agrarian, low-income and tightly regulated economy into one of the world’s major and fastest-growing economies. But some challenges remain. They are to make the growth inclusive, sustainable and productive,’’ Mr. Nagoor said.
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