Published on 10 Oct 2025
A recent World Bank report, 'Becoming a High-Income Economy in a Generation,' indicates that India needs an average annual growth rate of 7.8% over the next 22 years to attain high-income status by 2047.
Achieving this requires:
Boosting Investment: Increase the real investment rate from 33.5% to 40% of GDP by 2035.
Enhancing Employment: Raise labor force participation, especially among women, by creating jobs in sectors like manufacturing and services.
Promoting Productivity: Shift resources from agriculture to more productive sectors and adopt advanced technologies.
Facilitating Inclusive Growth: Implement tailored policies for states at different development stages to ensure balanced progress
India's Gross National Income (GNI) per capita, using the World Bank Atlas method, was reported at $2,540 in 2023, making India a Lower Middle Income Country.
Becoming a High-Income Economy in a Generation
World Bank
Economic growth
Indian economy
Employment
Productivity
Gross National Income