<h1>India Needs 7.8% Annual Growth for High-Income Status by 2047, Says World Bank; Urges Reforms in Key Sectors</h1> India must achieve an average annual growth rate of 7.8% to become a high-income economy by 2047, according to a World Bank report. This requires accelerated reforms in financial, land, and labor markets. The report highlights India's past growth, noting a four-fold economic expansion from 2000 to 2023 and a significant reduction in poverty. To sustain growth, India should focus on investment, structural transformation, job creation, and leveraging its demographic dividend. Recommendations include improving infrastructure, fostering innovation, and enhancing labor market regulations. A differentiated policy approach is suggested for less and more developed states to optimize growth potential.