NITI Aayog Envisions India as $30 Trillion Economy by 2047
Deccan ChronicleNew Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to grow nine times from today’s $3.36 trillion and the per capita income would need to rise 8 times from today's $2,392 per annum,” the paper titled ‘Vision for Viksit Bharat @ 2047:An Approach Paper’ said. “Defining the concept of Vikshit Bharat, the paper also said it is a Bharat which will have all the attributes of a developed country with a per capita income that is comparable to the high-income countries of the world today. “Improving the competitiveness of industry is equally necessary for the transformation of the country's agricultural workforce into an industrial workforce and making India a global manufacturing and service hub,” the document said.