India needs to strive to be USD 30 tn economy with per capita income of USD 18,000: NITI document

NEW DELHI: India needs to strive to be a USD 30 trillion economy with a per capita income of USD 18,000 per annum by 2047, the approach paper for vision for Vikshit Bharat in 2047 has said.

NITI Aayog in a paper titled ‘Vision for Viksit Bharat @ 2047:An Approach Paper’ said India needs to avoid the Middle-Income trap and carefully work towards breaking out of it.

“As for the economy, to become a developed nation, we need to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum.