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India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article

India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of the people, said the article titled India @ 100.
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