IANSAccording to the recently released 'The Competitiveness Roadmap for India@100', India's economy is set to touch $20 trillion by 2047, provided average annual growth is between 7-7.5% in the next 25 years.
At the release of the document, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said that the country's annual per capita income will be over $10,000 if growth is maintained.
The targets, set by Prime Minister Narendra Modi, will likely usher in growth in human development categories by 2047, making India a developed nation.
A developed country is typically characterised by a relatively high level of economic growth, a general standard of living, and higher per capita income as well as performing well on the Human Development Index (HDI) that includes education, literacy and health.
Over the past seven decades, India's GDP has grown from just Rs 2.7 lakh crore to Rs 150 lakh crore.
With inputs from PTI
At the release of the document, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said that the country's annual per capita income will be over $10,000 if growth is maintained.
The targets, set by Prime Minister Narendra Modi, will likely usher in growth in human development categories by 2047, making India a developed nation.
A developed country is typically characterised by a relatively high level of economic growth, a general standard of living, and higher per capita income as well as performing well on the Human Development Index (HDI) that includes education, literacy and health.
Over the past seven decades, India's GDP has grown from just Rs 2.7 lakh crore to Rs 150 lakh crore.
With inputs from PTI
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