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World Bank: India needs 7.8% annual growth and reforms to reach high-income status by 2047.
The World Bank report suggests India needs a 7.8% annual growth rate until 2047 to become a high-income country.
Based on past growth of 6.3% from 2000 to 2024, the report recommends reforms in finance, land, and labor markets, alongside increasing investment and job creation.
To succeed, India must also improve labor force participation, especially for women, and integrate further into the global economy.
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Banco Mundial: India necesita un 7,8% de crecimiento anual y reformas para alcanzar el estatus de altos ingresos para 2047.