BS EDIT: India’s path to high-income status: Challenges & opportunitie

By Business StandardPublished On Mar 6, 2025

A bold ambition for 2047

India aims to become a high-income nation, requiring 7.8% annual growth

The role of private sector investment

Stronger financial markets and infrastructure spending are essential

Human capital & regional disparities

Boosting workforce participation, especially for women, is a priority

Trade openness & global challenges

High tariffs and shifting geopolitics could hinder India’s growth trajectory

Reforms for sustained economic momentum

Technology adoption, ease of doing business, and industrialisation are key

A complex but achievable goal

With the right policies, India can defy the odds and reach high-income status