What are the key factors that India needs to achieve in order to become a developed country by 2047
Deloitte's Romal Shetty mentioned that India needs to grow at a certain rate for 20 years to become a developed country by 2047.
To become a developed country by 2047, India needs to focus on several key factors:
- Economic Growth: India should sustain a high rate of economic growth for at least 20 years to build the necessary foundation for development.
- Infrastructure Development: The country needs significant investment in infrastructure, including transportation, power, and urban development, to support sustained economic growth.
- Education and Skills Development: India must prioritize education and skills development to create a well-educated and skilled workforce that can contribute to innovation and economic productivity.
- Healthcare and Welfare: Improving access to quality healthcare services and implementing a robust welfare system are essential for social development and ensuring the well-being of citizens.
- Technological Advancement: Embracing technological advancements and promoting innovation will help India become globally competitive and drive economic growth.
- Social and Gender Equality: Ensuring social inclusivity and gender equality through progressive policies will promote social harmony and create a conducive environment for development.
- Environmental Sustainability: India needs to adopt sustainable practices and address environmental challenges to ensure long-term development without compromising the environment.
- Good Governance: Transparent and efficient governance, with a focus on accountability and reducing corruption, is crucial for ensuring the effective implementation of policies and achieving development goals.
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