India Need 7.8% Annual Growth To Be A High-Income Country By 2047

India must sustain 7.8% annual growth to achieve high-income status by 2047, the World Bank said in its report, emphasizing the need for financial, land, and labor reforms. While India’s growth averaged 6.3% from 2000-2024, the report warns that “business as usual” won’t suffice, urging intensified efforts to boost per capita income nearly eightfold over two decades.