Will India become a developed country?
International Business News – In a speech to celebrate the 75th anniversary of India’s independence in New Delhi a few days ago, Modi said that the next 25 years will be decisive for India. In his speech, he stressed to ensure that India becomes a developed country within the next 25 years.
“I call on young people to dedicate the next 25 years of their lives to the development of the country. We will work for the development of all mankind. This is the strength of India,” he said.
“For the next 25 years, we need to focus on five issues: the development of India, removing all traces of slavery from our consciousness, being proud of our glorious heritage and unity, and fulfilling our duty.” He added that India must move towards the bigger goal of becoming a developed country before the centenary of independence.
Will India become a developed country? Reuters quoted experts and pointed out that India is very promising to become a developed country, especially India’s population is not inferior to China’s, giving it a huge demographic dividend, and the majority of its population is young people. While India’s per capita income is currently low compared to many countries, by 2050 India could become the world’s third-largest economy after the US and China.