India's Journey to Upper Middle-Income Status by 2047: Insights from Martin Wolf

Chief Economics Commentator Martin Wolf suggests that while India may not achieve high-income status by 2047, it is likely to become an upper middle-income country. He emphasizes the challenges in a volatile world and highlights India's potential to influence global dynamics and attract foreign investment.

Chief Economics Commentator Martin Wolf conveyed that while India's aspirations to achieve high-income status by 2047 are ambitious, the nation is poised to attain upper middle-income status.

At a CUTS event, Wolf articulated the complexities faced in a fragile and slow-growing global landscape but affirmed India's strategic strengths.

India, currently the fifth largest economy, needs to enhance its trade-to-GDP ratio and capitalize on global opportunities to emerge as a significant global player, Wolf stated further.

(With inputs from agencies.)