'India needs 10% growth to be developed'

NEW DELHI: Industry chamber CII on Monday suggested a 5-pronged strategy to spur economic growth to 10% over the next few years.
CII new President B Muthuraman said this includes fast-tracking 100 mega projects while doubling the contribution of manufacturing sector in GDP to 25% from the existing 12%.
"India , with its large population , and many living in rural areas, needs a growth rate of 10% for many years to become a developed country," Muthuraman said.