India Needs Over 7% Growth for 25 Years to Become a Developed Nation by 2047 While Tackling Inequality and Unemployment
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India has to grow at 7.7% for the next 23-24 years to become a developed nation by 2047.
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India is currently the poorest country among BRICS and G20 nations in terms of per capita income.
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India needs a stable geopolitical environment globally to maintain high economic growth momentum.
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India must focus on reducing inequality and generating employment while striving for rapid growth.
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Reforms needed include increased public and private capex, structural and governance reforms, improving education and skills.