New Delhi, Jan. 10 -- India's ambition of becoming a developed, high-income economy by 2047 will require deep structural changes in savings mobilisation, capital allocation and productivity, according to a SKOCH Report titled Macro-Economic Imperatives for Viksit Bharat (India 2047).

The report said India cannot reach a USD 20-35 trillion GDP through investment expansion alone unless capital efficiency improves sharply and domestic savings rise on a sustained basis. To meet its 2047 targets, India would need to sustain 7.5-10 percent annual growth for more than two decades. Even the widely cited $30 trillion GDP scenario would require investment rates of 35-40 percent of GDP, while domestic savings remain near 30 percent, creating a stru...