New Delhi, February 28, 2025 – The World Bank has stated that India must sustain 7.8% annual GDP growth to achieve developed nation status by 2047. It emphasized the need for structural reforms, investments, and technological advancements to drive economic expansion and improve infrastructure and human capital.
The report highlights urbanization and digital transformation as key growth drivers but warns of challenges like income inequality, job creation, and climate resilience. With the right policies and governance, the World Bank believes India can transition into a high-income economy by 2047.
