<h1>India Set to Become Developed Nation by 2047 with Strong Economy and Strategic Reforms, Says ITC Chairman.</h1> India is on track to become a developed nation by 2047, driven by strong macroeconomic fundamentals and strategic policy reforms, according to the ITC Chairman. The country has advanced from the 10th to the fifth largest global economy since 2014, thanks to significant reforms like GST and infrastructure development. Under Prime Minister Modi, India has achieved financial inclusion, digital transformation, and inflation control. Positioned as a key player in supply chain diversification and energy transition, India is set to become the third-largest economy by FY28. Despite global economic challenges, India's growth is supported by strategic focus on emerging sectors.