For gainful and productive employment growth of this magnitude , India's GDP will need to grow by 8.0 to 8.5 percent annually over the next decade or double the 4.2 percent rate of growth.
About rule of 70 :
The rule of 70 can also produced within a country's be used to understand economic growth usually by gross domestic product . GDP is the total monetary or market value of all finished goods and services produced within a country's borders in a specific time period. GDP is considered scorecard of a given country's economic health.
The rule of 70 approximates how long it will take for the size of an economy to double. The number of years it takes for a country's economy to double in size is in percent.equal to 70 divided by the growth rate.
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