2/5/2025, 9:52:03 pm

India can be developed economy by 2047

Arvind Panagariya, chairman of the 16th Finance Commission, believes India can become a developed nation by 2047 with a per capita income of $14,000, up from $2,570 in FY24. He emphasized India's resilience through economic crises and highlighted trade opportunities amidst the US-China conflict, suggesting successful US negotiations could pave the way for similar deals with Europe.