<h1>India Needs 7.8% Growth Rate and Key Reforms to Become High-Income Nation by 2047, Says World Bank Report.</h1> India must achieve an average growth rate of 7.8% to become a high-income country by 2047, according to a World Bank report. This requires significant reforms in financial, land, and labor markets. Despite India's rapid growth of 6.3% from 2000 to 2024, further acceleration is needed. The report highlights India's achievements, such as quadrupling its economy since 2000 and reducing extreme poverty. To sustain growth, India should enhance human capital, increase female labor participation, and focus on investment and job creation. The World Bank emphasizes learning from countries like Chile, Korea, and Poland to integrate into the global economy.