Viksit Bharat'2047 a realisable ambition, per capita income needs to grow at 7.3%: Panagariya

India's goal to become a developed nation by 2047 is achievable, requiring a 7.3% per capita income growth rate to reach USD 14,000. Arvind Panagariya emphasizes necessary economic reforms and labor-intensive industry development while maintaining cautious capital account convertibility to manage the exchange rate effectively.