New Delhi, June 2 (KNN) India needs to capture some of the world markets if it has to sustain an 8-10 per cent growth rate over the next 20-25 years, Arvind Panagariya, Vice Chairman, NITI Aayog  has said acknowledging that the country has been "slower" than others in entering into free trade agreements.

However, some experts do not agree with the comment made by him and said that growth can only be sustained when the domestic market will invest in the economy.

Talking to KNN, eminent Economist VK Suri said that for the last 14 months the exports are declining and domestic investment is not there. Growth can only be sustained when the domestic market will invest in the economy.

He questioned the Prime Minister’s visits’ abroad and said, “Our Prime Minister visited abroad and urged to invest in India, but some questions are also being raised there that if your country is not investing in the domestic market, so why should we?”

“So numbers can come but what these numbers are indicating? Are we always dependent on the monsoon? Who knows what will be the position of the Monsoon,” questioned the Economist.

He called Panagariya’s remark “hypothetical” to reach the growth rate of 10 per cent.

He suggested that until or unless the domestic investment won’t increase, it would be difficult to sustain eight per cent growth rate also. (KNN Bureau)