Quantitative Dimensions of Viksit Bharat
DOI:
https://doi.org/10.55763/ippr.2025.05.06.001Abstract
As India aims to become a developed nation by 2047, there is a significant lack of clarity/consensus regarding the definition of a developed country, specific targets to be reached, and projections related to inflation, exchange rate, and population. This study addresses these critical issues, including regional growth dimensions. It uses appropriate quantitative procedures to determine the growth rates needed for India, as well as its states and union territories, to meet the goal of “developed country” status under various scenarios. The time taken to reach this status depends critically on the per capita income to be achieved. The results reveal that approximately 40% of states/union territories will fall short of this target. Generally, only if the target is set at the per capita income of a developed country as of 2023, is it possible to achieve that status. All other scenarios will demand a much higher growth rate. These findings will help policy makers to ensure suitable strategies for achieving their goal.
Keywords:
Indian economy, Indian states, union territories, exchange rate, inflation, ICORDownloads
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