India Aims for 8% Growth to Rival China as Top Global Economic Engine

India needs 8% annual growth to surpass China as biggest global growth driver, according to Barclays.

India should increase investment in traditional sectors like mining, transport, storage for greater economic spillovers.

Higher investment in traditional sectors can also boost employment and incomes.

With 8% growth, India's contribution to global GDP could catch up to China's 26% share.

Government has increased infrastructure spending but private sector also needs to step up investments.