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of <h1>India Targets Developed Nation Status by 2047, Needs 8% Growth; Current Projections at 6.3-6.8%</h1> India aims to leverage favorable global conditions to achieve developed nation status by 2047, according to the Chief Economic Adviser. The Economic Survey suggests India needs an 8% growth rate over two decades, despite current projections of 6.3-6.8% for 2025-26. Global export growth and the agriculture sector could boost this rate. The CEA emphasized the need for flexibility, as growth will vary with global conditions. The IMF forecasts India to become a USD 5 trillion economy by FY28. The CEA also addressed foreign direct investment competition and the Reserve Bank's measures for the Indian rupee.
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