New Delhi, Feb. 28 -- India needs to grow by 7.8% on average over the next 22 years to become a developed country by 2047, World Bank said in a report on Friday.
The report noted that India's past achievements provide the foundation for its future ambitions.
"Getting there however would require reforms and their implementation to be as ambitious as the target itself," said the new India Country Economic Memorandum titled 'Becoming a High-Income Economy in a Generation.
Auguste Tano Kouame, World Bank Country Director said that India can chart its own path by stepping up the pace of reforms and building on its past achievements.
"Lessons from countries like Chile, Korea and Poland show how they have successfully made the transition from ...