India Aims for Economic Powerhouse Status by 2047 But Must First Boost Health and Skills of Population, Says Top Adviser

India's Chief Economic Adviser said India should not become sicker before it becomes richer, citing the vulnerability of India's unhealthy population to COVID.

He stated a healthy population is fundamental for India to become a developed nation by 2047.

India's economy is set to grow over 7% for the 4th straight year after COVID, putting it on track for 2047 goals.

However, he warned that excess optimism in the past has led to bad investments and overheating; India should avoid going "back to square one".

Skilling, employment opportunities, energy transition, and appropriate regulations will be key on India's road to becoming an economic power.