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Viksit@2047: Achieving India's vision needs focus on core priorities

India's ambition may seem out of reach, but two and a half decades provide ample time to prepare- if it gets its focus right

The unfortunate yet successful protests against opening up agricultural markets should not be seen as a barrier that prevents progress in the agriculture sector. Farmers, whether dependent on arhatiyas or not, will universally benefit from accessible
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Illustration: Binay Sinha

Laveesh Bhandari

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Is Viksit@2047 possible at all? India at a per capita income of $2,390 in 2022 was towards the lower end of the middle income range that spans from $1,136 to $13,846. The range is obviously very high and, therefore, it will take some time for India to cross into the high-income segment. Most current estimates of feasible long-term growth for the country tend to be around 6 to 7 per cent. This is clearly not adequate for the Viksit status envisaged for 2047. While challenges from climate change will further hinder achieving this tough target, opportunities —
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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