Tag: larry

NEW DELHI: Former US treasury secretary Larry Summers Saturday said India needs to grow at 8% to bring about "transformative changes" in the lives of millions, while seeking more capital and a bigger mandate for multilateral development banks (MBDs), such as the World Bank. Summers said he expected the Indian economy to see an eight-fold jump until the middle of the century.Delivering a lecture organised by the department of economic affairs and industry body Confederation of Indian Industry (CII), Summers, who is co-chair of the independent export group...