Transforming India in one generation
THE WEEK India|October 09, 2022
India is classified as a lower-middle income country by the World Bank. Countries with a -per capita income of $1,045 or less are classified as low-income countries. Lower-middle income countries have a per capita income of $1,046 to $4,095; upper-middle-income countries have $4,096 to $12,695, and high-income countries have a still higher per capita income. India's per capita income is around $2,100.
AMITABH KANT
Transforming India in one generation

Prime Minister Modi said in his Independence Day speech that India must become a developed nation by the time we complete 100 years of independence. This means we should transform ourselves in one generation and become a high-income country by 2047. This can be met only through sustained high growth.

A growth rate of 6 percent during the next 25 years will see the economy reach a size of $16.4 trillion by 2047. At 8 percent it will take the economy to $20.6 trillion, and at 10 percent, it will be $32.6 trillion. This is the compounding power of growth.

A 6 percent real growth rate will translate into a per capita income of $10,000 by 2047. At 8 percent, it would be $14,000. At 10 percent, it would touch $22,000 and radically transform the lives of citizens.

Esta historia es de la edición October 09, 2022 de THE WEEK India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 09, 2022 de THE WEEK India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE WEEK INDIAVer todo
What Will It Take To Clean Up Delhi Air?
THE WEEK India

What Will It Take To Clean Up Delhi Air?

IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.

time-read
5 minutos  |
December 08, 2024
Trump and the crisis of liberalism
THE WEEK India

Trump and the crisis of liberalism

Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.

time-read
2 minutos  |
December 08, 2024
Men eye the woman's purse
THE WEEK India

Men eye the woman's purse

A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.

time-read
2 minutos  |
December 08, 2024
When trees hold hands
THE WEEK India

When trees hold hands

A filmmaker explores the human-nature connect through the living root bridges

time-read
3 minutos  |
December 08, 2024
Ms Gee & Gen Z
THE WEEK India

Ms Gee & Gen Z

The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing

time-read
5 minutos  |
December 08, 2024
Vikram Seth-a suitable man
THE WEEK India

Vikram Seth-a suitable man

Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.

time-read
2 minutos  |
December 08, 2024
Superman bites the dust
THE WEEK India

Superman bites the dust

When my granddaughter Kim was about three, I often took her to play in a nearby park.

time-read
3 minutos  |
December 08, 2024
OLD MAN AND THE SEA
THE WEEK India

OLD MAN AND THE SEA

Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port

time-read
4 minutos  |
December 08, 2024
Managing volatility: smarter equity choices in uncertain markets
THE WEEK India

Managing volatility: smarter equity choices in uncertain markets

THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.

time-read
3 minutos  |
December 08, 2024
Investing in actively managed low-volatility portfolios keeps risks at bay
THE WEEK India

Investing in actively managed low-volatility portfolios keeps risks at bay

AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.

time-read
2 minutos  |
December 08, 2024