India to become 20 trillion dollar economy by 2047 if it manages to achieve sustained growth of 7 to 7.5 percent, says Economic Advisory Council to PM

Economic Advisory Council to the Prime Minister (EAC-PM) has said that the country can become a 20 trillion dollar economy at a sustained growth rate of 7 to 7.5 percent for the next 25 years. EAC-PM Chairman Bibek Debroy said that India can become an upper-middle-income country by 2047 at this growth rate. He said, even if India achieves relatively conservative rates of growth of 7 to 7.5 percent, the country will get to a per capita annual income of about 10,000 dollar. India, the world&ap...