By Admin 
Developed India by 2047: The country is expected to become the fourth GDP in the world by the end of this year, which is growing rapidly towards developed India. However, on behalf of NITI Aayog, it has been said that India has now become the fourth GDP in the world, but the IMF believes that by the end of this year, the country with 4 trillion GDP will become India.
How will India develop?
Meanwhile, it is also estimated that by 2027, India will surpass the world’s third economy, and India will become developed by 2047. But well-known economist and former RBI Governor Raghuram Rajan believes about this. He says that if India is to become developed, then the growth rate will have to move at the rate of 8.5 or 9 percent, because we are still comparatively a poor country.
Raghuram Rajan’s statement came at a time during a private television news channel program when India’s GDP is standing firmly despite global uncertainty. GDP growth in the fourth quarter of FY 2024-45 stood at 7.4 percent and it is estimated to remain at 6.5 percent this year. It is better than many other strong economy of the world.
The growth rate will have to be faster
However, Raghuram Rajan admitted that India’s current growth rate 6.5 percent is a very good Goth rate, especially when the government has cut its expenses during the election. But he said that there is no need to sit in peace now. He said that now it can be the time of India, but we have to take that opportunity. Raghuram Rajan said that India will have to take decisive decisions for sustainable development with investment to increasing consumption, improvement at both domestic and foreign levels.
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