India To Change Its Governance Pattern To Become $30 Trn Economy By 2047

ENA Economy 2023-10-30 12:38:55 New Delhi, Oct 30 (KNN) The Indian government is working on a national vision plan to make India a developed nation by 2047 which is expected to be released within the next three months. Centre intends to ensure that the country doesnt slip into a middle-income trap that several countries have fallen into at similar stages of development. The plan will include an outline of reforms and outcomes to be achieved by 2030, along with structural changes in governance that will be critical to make India a USD 30 trillion economy by 2047 with a per-capita income of USD 18,000-20,000. The Niti Aayog is giving finishing touches to the plan called Vision India@2047 that has been in the works for almost two years and was presented to Cabinet Secretary Rajiv Gauba last Monday. In November, parleys will be held with thought leaders, including corporate honchos such as Tim Cook, Sundar Pichai, Gautam Adani, Mukesh Ambani, K.M. Birla, N. Chandrasekharan and Indra Nooyi, to glean their insights. By December, we will have the draft version of the plan ready, and several States are also in the process of preparing their own road maps, Niti Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam said on Sunday. The national plan also seeks to address regional cleavages in economic development and reforms of government processes. (KNN Bureau) 35317 https://knnindia.co.in/news/newsdetails/economy/india-to-change-its-governance-pattern-to-become-30-trn-economy-by-2047 2023-10-30 12:38:55 knnindia.co.in India To Change Its Governance Pattern To Become $30 Trn Economy By 2047