Onwards to Viksit Bharat

Initiating policy reforms on the priorities outlined in the Budget without delay is crucial for India's developmental goal

After the noise and euphoria following the Union Budget presentation, it is now time to take a filtered look at the medium and long-term strategies and policy interventions needed to make India a developed country.  According to the World Bank’s definition, a developed country in fiscal 2025 has a per capita gross national income (GNI) of $14,005.  India’s GNI is estimated at $2,600, implying that to leapfrog into the developed country club, India must multiply its per capita GNI by 5.3 times.  This translates into an average annual growth of about 7.5 per cent in per capita