Publication:
India Country Economic Memorandum: Becoming a High-Income Economy in a Generation

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2025-03-06T21:08:55Z
dc.date.available2025-03-06T21:08:55Z
dc.date.issued2025-03-06
dc.description.abstractOver the past decades, India has developed at a scale and pace that few would have thought possible. From 2000 to today, in real terms, the economy has grown nearly four-fold, and GDP per capita has almost tripled. Because India grew faster than the rest of the world, its share in the global economy has doubled from 1.6 percent in 2000 to 3.4 percent in 2023, and India has become the world’s fifth-largest economy. This remarkable development story also includes a steep decline in extreme poverty and a massive expansion of service delivery and essential infrastructure. Building on these achievements, India has set the ambitious goal of becoming a high-income country by 2047. However, reaching the ambitious target of becoming a high-income economy by 2047 will not be possible in a business-as-usual scenario. In recent years, the government has introduced a host of structural reforms to transform India into a global manufacturing hub, boost infrastructure, improve human capital, and leverage digitization while at the same time bolstering macroeconomic stability. However, for India to become a high-income economy by 2047, its GNI per capita will have to increase by nearly 8 times over the current levels; growth would have to accelerate further and remain high over the next two decades, a feat that few countries have achieved. Given the less conducive external environment, India would need to maintain ongoing initiatives and expand and intensify reforms to meet this target. This report outlines what it would take to realize the vision of High-Income India.en
dc.identifierhttp://documents.worldbank.org/curated/en/099022725232041885
dc.identifier.doi10.1596/42920
dc.identifier.doihttps://doi.org/10.1596/42920
dc.identifier.urihttps://hdl.handle.net/10986/42920
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectHIGH-INCOME STATUS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectTRADE
dc.subjectINNOVATION
dc.subjectLAND AVAILABILITY
dc.subjectGLOBAL VALUE CHAINS
dc.subjectDEMOGRAPHIC DIVIDENDS
dc.titleIndia Country Economic Memorandumen
dc.title.subtitleBecoming a High-Income Economy in a Generationen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-03-06
okr.date.doiregistration2025-04-14T11:49:22.139735Z
okr.date.lastmodified2025-03-06T20:05:45Zen
okr.doctypeCountry Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099022725232041885
okr.guid099022725232041885
okr.identifier.docmidP175027-38446b18-85d1-45c2-8628-9662d283ed24
okr.identifier.externaldocumentum34462465
okr.identifier.internaldocumentum34462465
okr.identifier.report197625
okr.import.id6809
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099022725232041885/pdf/P175027-38446b18-85d1-45c2-8628-9662d283ed24.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.sectorFY17 - Central Government (Central Agencies)
okr.sectorFY17 - Public Administration
okr.themeFY17 - Jobs,FY17 - Mitigation,FY17 - Climate change,FY17 - Fiscal Policy,FY17 - Inclusive Growth,FY17 - Adaptation,FY17 - Labor Market Institutions,FY17 - Labor Market Policy and Programs,FY17 - Structural Transformation and Economic Diversification,FY17 - Fiscal sustainability,FY17 - Trade,FY17 - Economic Growth and Planning,FY17 - Green Growth,FY17 - Job Creation,FY17 - Environmental policies and institutions,FY17 - Trade Policy
okr.themeFY17 - Human Development and Gender,FY17 - Economic Policy,FY17 - Environment and Natural Resource Management,FY17 - Private Sector Development
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.topicScience and Technology Development::Innovation
okr.topicCommunities and Human Settlements::Land Administration
okr.topicSocial Protections and Labor::Skills Development and Labor Force Training
okr.unitEFI-SAR-MTI-PS-2 (ESAC2)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
P175027-38446b18-85d1-45c2-8628-9662d283ed24.pdf
Size:
10.5 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
P175027-38446b18-85d1-45c2-8628-9662d283ed24.txt
Size:
804.63 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Country Economic Memorandum