India needs to take advantage of conducive global situations to be developed nation by 2047: CEA

India aims to leverage favorable global conditions to achieve faster economic growth and become a developed nation by 2047, according to Chief Economic Adviser V Anantha Nageswaran. Despite the current slowdown, India remains the fastest-growing large economy, with projections indicating a growth rate of 6.3 to 6.8 percent for 2025-26.