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Credit rating agency, S&P Global, predicts that India's economy will grow at a rate of 6.7% annually from 2023-2031, with GDP reaching $6.7 trillion. The main drivers of growth will be capital accumulation and digital infrastructure. S&P Global emphasizes the need for India to focus on increasing labor force participation, boosting private investment through structural reforms, and increasing competitiveness with the help of foreign investment. The manufacturing sector has not seen significant growth due to labor laws, logistics, and infrastructure challenges. Services will continue to play a major role in India's economy.
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