Modi’s developed-nation dream strains against India’s growth gap
Indian Prime Minister Narendra Modi at the G7 Summit in Evian-les-Bains, France, on June 16 | Haiyun Jiang / The New York Times
Aug 30, 2026
India likely grew at more than 7% last quarter, a pace most major economies would envy. Yet, that may still be too slow to deliver on Prime Minister Narendra Modi’s dream of a developed nation.
Modi wants India to achieve that status by 2047, the centenary year of its independence from British rule. Getting there would require the world’s sixth-largest economy to grow at 9.25% annually for 21 years, according to Ashok Lahiri, a senior official at the country’s apex government-run think tank.
The ambition, branded Viksit Bharat — or Developed India — has become a centerpiece of Modi’s third term. However, assuming the current rate of growth, India’s economy would fall short of his vision, according to several economists.
In a time of both misinformation and too much information,
quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.