India must strengthen its manufacturing capabilities, attract foreign investment and create jobs suited to an artificial intelligence-driven economy as it seeks to become a developed nation by 2047, Chief Economic Adviser V Anantha Nageswaran said.
Speaking at the 13th SBI Banking & Economics Conclave 2026, Nageswaran said India's development transition was unfolding against a backdrop of geopolitical tensions, the weaponisation of supply chains, climate variability and growing competition from China's manufacturing capabilities.
