Archive · 12 Sep 2025
India's GDP Needs 11.41% Growth for Viksit Bharat by 2047
India wants to become a 'Viksit Bharat' or developed nation by 2047, which is when it will celebrate 100 years of being independent.
A key goal is to increase the country's wealth (GDP) by about 11.41% every year for the next 25 years.
This means the economy needs to grow a lot.
To reach this goal, the average real growth rate needs to be around 7.41%, while keeping inflation around 4%.
The plan also aims to significantly raise how much money each person earns.
However, some states may need to grow much faster than others to catch up.
This will involve things like more investment, new technology, job creation, and improving social services like healthcare and education.
India's nominal GDP must grow at 11.41% annually for the next 25 years to achieve 'Viksit Bharat' by 2047.
The target requires an average real growth rate of 7.41%, assuming 4% inflation.
The goal is to reach a per capita income of approximately $18,414 by 2047-48.
Six states contribute over 52% of India's GDP, showing uneven regional growth.
Achieving the goal depends on increasing investment, adopting new tech, and focusing on job creation.
- Who
- C Rangarajan, former Chairman of the Economic Advisory Council and Chancellor of ICFAI University.
- What
- India needs 11.41% annual nominal GDP growth for 25 years to achieve Viksit Bharat by 2047.
- When
- Report published September 12, 2025; for the next 25 years
- Where
- India
- Why
- To achieve the target of a developed India by 2047.
- Nominal GDP Growth Needed
- 11.41% annually for 25 years
- Target Year
- 2047-48 (India's 100th year of independence)
- Average Real Growth Needed
- 7.41%
- Inflation Assumption
- 4%
- Per Capita Income Goal (USD)
- Around $18,414 by 2047-48
- India's 2022-23 Per Capita Income (USD)
- $2,381
- Key Contributor States
- Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat, and West Bengal