Archive · 15 Aug 2025
NITI Aayog: 8% GDP Growth Needed for 'Viksit Bharat'
India wants to become a rich country by 2047.
To do this, the country's economy needs to grow.
The head of NITI Aayog, a government think tank, says that the economy needs to grow by 8% every year to reach this goal.
Right now, the economy is growing at 6.5%.
Another member of NITI Aayog previously said a slightly lower growth rate was enough.
This discussion is important because a small difference in growth now can make a big difference in the future.
NITI Aayog CEO says India needs 8% GDP growth to become a developed economy by 2047.
Current GDP growth of 6.5% is insufficient for the 'Viksit Bharat' goal.
The statement was made at a meeting of statistical advisers.
The government released provisional estimates showing a 6.5% real GDP growth for FY2024-25.
A NITI Aayog member previously stated a 6% to 6.2% growth rate was sufficient for economic development.
- Who
- NITI Aayog CEO BVR Subrahmanyam and other members.
- What
- NITI Aayog discussed India's GDP growth needed to achieve developed economy status by 2047.
- When
- The statement was made on Thursday.
- Where
- India.
- Why
- To emphasize the importance of economic growth for India's development goals.
NITI Aayog Perspective
NITI Aayog Perspective
Required Growth Rate
NITI Aayog Perspective
8% GDP growth required.
NITI Aayog Perspective
6% to 6.2% GDP growth sufficient.
- Organization
- NITI Aayog
- GDP Growth Goal
- 8%
- Current GDP Growth
- 6.5%
- Target Year for Development
- 2047
- Previous Growth Estimate
- 6% to 6.2%