India's Vision for a $30 Trillion Economy by 2047
Sunday, 28 July 2024, 11:15
India's Economic Aspirations
India aims to achieve a GDP of $30 trillion and a per capita income of $18,000 by the year 2047 as outlined in NITI Aayog's "Vision for Viksit Bharat @ 2047" plan. This plan sets forth several key objectives to ensure that India does not fall into the Middle-Income Trap.
Strategies for Achieving Economic Goals
- Boosting GDP: Implementing reforms across sectors to enhance economic output.
- Increasing Per Capita Income: Focusing on improving the living standards of the population.
- Avoiding Economic Pitfalls: Ensuring stability and growth to sidestep the Middle-Income Trap.
Conclusion
India's journey towards becoming a $30 trillion economy is ambitious yet vital for its long-term prosperity. Success will depend on strategic planning and execution across various facets of the economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.