Statsguru: India's high income goal faces roadblocks on the path to 2047
· business-standard.com
India needs sustained 9.25% annual growth to become a developed economy by 2047, but low investment and a prolonged lower-middle-income phase remain key challenges
NITI Aayog Vice Chairman Ashok Lahiri estimated that the country must achieve an annual average nominal growth rate of 9.25 per cent to become a developed natio...