Sustaining rapid growth is challenging

India's goal of Viksit 2047 requires both luck and clearly outlined plans and policies

In recent months, we have heard a great deal about India becoming a developed country by 2047 (Viksit 2047). It is certainly a very worthwhile objective, which connotes not just economic development but many other dimensions of overall societal development. Even within the narrow dimension of economic development, there is much debate and ambiguity about what constitutes a developed economy. As a first approximation, some have taken this to mean a “high income country”, as defined by contemporary World Bank categorisation of nations according to per capita income. From this perspective, it would mean nations with a minimum per capita