The report, titled Becoming a High-Income Economy in a Generation, notes that the target is possible if the country undertakes 'accelerated reforms'

A World Bank report states that India needs to grow at an average rate of 7.8% annually to become a high-income country by 2047. The country’s gross national income (GNI) per capita must increase nearly eightfold,

Realising this ambitious target of Viksit Bharat will require comprehensive and sustained reforms, the World Bank has said, adding fiscal consolidation should be gradual and not argue aggressive

India’s economy needs to expand at an average growth rate of 7.8% over the coming decades to become a high-income country, according to a World Bank report.

The World Bank on Friday said India will need to grow by 7.8 per cent on average over the next 22 years to achieve the country's aspirations of becoming a developed country by 2047.A new World Bank report released on Friday finds that this target of India is possible.