📷 Image: Wikimedia Commons / Carle Vernet
Business
India can hit developed-nation status by 2047 despite global shocks: IMF chief
✍️ Moneycontrol.com
🗓 06 Oct 2026, 07:03 AM
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IMF Managing Director Jean-Pierre Landau stated that India retains significant room to achieve its goal of becoming a developed economy by 2047, even in the face of current global economic disruptions.
The International Monetary Fund (IMF) has expressed confidence in India's long-term economic trajectory, asserting that the nation remains on track to meet its ambitious goal of becoming a developed economy by 2047. This assessment was provided by IMF Managing Director Jean-Pierre Landau, who highlighted the resilience of the Indian economy amidst broader global challenges.
Landau noted that while global shocks and external uncertainties pose risks to many economies, India possesses the structural capacity to navigate these hurdles. The IMF chief emphasized that the country's growth potential is not negated by current international volatility, suggesting that domestic fundamentals remain strong enough to sustain long-term development targets.
The statement underscores the international financial community's view that India's demographic dividend and economic reforms provide a buffer against external shocks. By maintaining this momentum, the IMF suggests that India can successfully transition to a high-income status within the next two decades, fulfilling the vision set by its leadership.
Landau noted that while global shocks and external uncertainties pose risks to many economies, India possesses the structural capacity to navigate these hurdles. The IMF chief emphasized that the country's growth potential is not negated by current international volatility, suggesting that domestic fundamentals remain strong enough to sustain long-term development targets.
The statement underscores the international financial community's view that India's demographic dividend and economic reforms provide a buffer against external shocks. By maintaining this momentum, the IMF suggests that India can successfully transition to a high-income status within the next two decades, fulfilling the vision set by its leadership.