India @100: How We Can Be A First World Country | Nothing But The Truth, S02, Ep 01

In this episode, Editorial Director (Publishing) Raj Chengappa lists the 10 Big Things India needs to do in Amrit Kaal to become a developed country by 2047.What would it take for India to be a developed nation when it celebrates 100 years of Independence?A developed nation is defined as a  country that demonstrates sustainable economic growth with a robust and has an efficient transport and communications infrastructure. It necessarily entails a well-rounded human development index, reflecting a uniformly high standard of living with a healthy and well-educated citizenry. These countries have a high per capita incomes averaging $20,000 (nearly Rs 16.7 lakh) annually or more. Currently there are around 37 countries that are identified as developed countries.India currently has a per capita income of $2,400 (Rs 2 lakh), which, according to the World Bank standard, puts us in the class of lower-middle-income economies, where the per capita income ranges from $1,136 to $4,465 (approximately Rs 94,400-Rs 3.7 lakh). We are, therefore, in the same boat as Bangladesh, Sri Lanka and Pakistan.The per capita income in China, whose GDP at $18 trillion is nearly six times India’s $3.4 trillion and whose population has now become second to ours, is $12,800 (approx. Rs 10.6 lakh). That places it in the upper-middle-income category but not in the league of developed nations.Listen in!Produced by Anna PriyadarshiniSound mix by Kapil Dev Singh