India aims to achieve developed country status by 2047, but faces significant challenges.

INDIA NEWS By Aniket Chakraborty Apr 22, 2025 Arrow

CEA V. Anantha Nageswaran stresses the need to generate 8 million jobs annually for the next 10-12 years.

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The external environment won’t be as favorable as it has been in the last three decades, complicating India’s growth.

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Raising the share of manufacturing in GDP is essential, especially as China’s dominance in the sector grows post-COVID.

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The rise of AI and robotics is a threat to low-skilled jobs, but India must balance labor-centric policies with technological advancement.

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Nageswaran calls for more domestic investments and innovation to sustain growth amid global conflicts.

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While exports have been a major contributor to India’s growth, their role may decrease in the future.

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India must aim to maintain a 6.5% growth rate over the next decade, with a focus on deregulation and improving logistics.

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India’s growth is expected to reach 6.5% in 2025, supported by robust public spending and monetary easing.

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Nageswaran emphasizes policy prioritization and deregulation to maintain growth momentum in a challenging global environment.

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