India aims for a $30 trillion economy and $18,000 per capita income by 2047, focusing on demography, democracy, and diversity to avoid the middle-income trap.
India targets a $30 trillion economy and per capita income of $18,000 by 2047 to become a developed nation, per NITI Aayog's approach paper 'Vision for 'Viksit Bharat @2047'. The document highlights the need to avoid the middle-income trap and proposes focusing on three pillars: demography, democracy, and diversity. The country must grow at a sustained pace of 7-10% for 20-30 years to achieve this goal.
July 27, 2024
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