No one can doubt that economic growth is certain to be a good thing. It increases
the standard of living of the people of a country by increasing their income and
creating more jobs. However, it should be known that there is no ideal growth
figure that will fit all countries. Each country has a unique set of economic
circumstances, a unique set of economic challenges and opportunities this
needs to be taken into consideration in deciding on an ideal growth rate both in
actual and potential growth.