India’s Economic Growth Journey
India aims to achieve high-income status by 2047, advancing from the 10th to the 5th largest economy since 2014. Economic growth requires sustained GDP expansion of 7-8%, necessitating significant investments in energy transition, infrastructure, and human capital development. NITI Aayog, in collaboration with global institutions like IGIDR and UC Berkeley, focuses on financial mobilization strategies. Challenges include funding large-scale projects amid widespread poverty. Policies emphasize domestic savings, market enhancement, innovation, and sustainability. Workshops discussed macroeconomic management, capital liberalization, and robust financial systems to achieve a transformative, globally influential economic model.
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