New Delhi, Feb. 21 -- India must transition from a net importer to an export-driven economy in key sectors such as electronics, chemicals, and energy to achieve its goal of becoming a high-income, tech-driven nation by 2047, according to a new report by Bain & Company, a global consultancy firm.

The report outlined a roadmap to help India transform into a developed economy with a projected GDP of USD 23- USD 35 trillion by 2047.

It said "India will potentially need to make a critical shift, transitioning from a net importer to a globally competitive, export-driven economy, particularly in high-impact sectors such as electronics, chemicals, and energy".

To reach this milestone, the report also mentioned that India will need to maintain ...