India needs 7.8% growth to become a high income economy, World Bank says

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 countrys gross national income (GNI) per capita must increase nearly eightfold, from $2,540 in 2023 to $20,000 by 2047. While India is on track to become an upper-middle-income country by 2032, achieving high-income status will require two more decades of high growth.