New Delhi, March 4 -- India's goal of becoming a high-income, developed nation by 2047 is realistic but requires overcoming challenges, Auguste Tano Kouame, the World Bank's Country Director for India, told Mint.

While the target may seem ambitious, historical trends and planned structural reforms make it achievable, Kouame said.

Speaking in an exclusive interview, Kouame, who took on his current role in August 2022, said there will be years when India grows at less than 7.8%, and there will be years when it exceeds that mark.

The key to achieving this long-term goal is ensuring that periods of high growth compensate for slower years, ultimately maintaining an upward trajectory, he added.

"Yes, it is realistic and achievable," he said...