Narendra Modi made an ambitious pledge that India would become a developed economy by 2047. India’s economic growth and poverty reduction under Modi’s leadership have been analyzed, showing both positive and negative trends. The country’s potential for growth is constrained by unemployment and underemployment, insufficient R&D spending, and a decline in press freedom rankings. Despite these challenges, India has seen significant gains in reducing extreme poverty, boosting digital infrastructure, and improving overall economic output, creating opportunities for millions of Indians to enter the middle class. However, more needs to be done to improve job creation and access to reliable employment, especially for women. India’s economic future will be shaped by its ability to address these challenges, maintain its democratic values, and continue to invest in critical areas like R&D.
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