The government is in the midst of finalising a national vision plan to make India a developed nation by 2047 and ensure that the country doesn’t slip into a middle-income trap that several countries have fallen into at similar stages of development.
Prime Minister Narendra Modi is expected to unveil the plan within the next three months, which includes an outline of reforms and outcomes to be achieved by 2030, along with structural changes in governance that will be critical to make India a $30 trillion economy by 2047 with a per-capita income of $18,000-20,000.
