💨 Abstract

The World Bank report suggests that India needs to grow at an average of 7.8% to become a high-income country by 2047. To achieve this, India needs reforms in financial, land, and labor sectors. The report praises India's past growth achievements but notes that reaching the high-income goal will require accelerated reforms and maintaining high growth rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖