India as 'developed country' by 2047: Attainable goal, or chimera?

Even as India strives to climb the development mountain, the fact is that the mountaintop is already crowded. If it got there in 2047, India would be very much a late-comer, notes T N Ninan

T N Ninan
Development, economy

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The Narendra Modi government has set before the country the goal of attaining “developed country” status by 2047. On an initial reckoning, this seems a tall order, and one might justifiably wonder whether this is just another chimera -- like doubling farmers’ incomes by 2022, or getting manufacturing to account for 25 per cent of GDP, also by 2022, or becoming a $5-trillion economy next year. Besides, the government has not defined what being a “developed” country might mean, and there is no one international benchmark to apply.
However, various development indicators exist, focusing on income level, health and education standards, quality of life (e.g. access to electricity and safe drinking water), availability of work, levels of poverty and inequality, technological attainments, and so on. The starting assumption is the obvious one -- that India is well short of the required levels on such indicators. So the goal set for the nex
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: May 26 2023 | 7:07 PM IST

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