📷 Image: Wikimedia Commons / Richter Frank-Jurgen
Business
Lord Bilimoria Urges India to Open Economy Further for 2047 Development Goal
✍️ tennews.in
🗓 07 Oct 2026, 06:46 AM
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Lord Bilimoria, a prominent businessman, has called for India to further liberalise its economy to achieve developed nation status by 2047.
Lord Bilimoria has publicly urged the Indian government to open its economy further in order to reach developed nation status by the year 2047. The call comes as India sets its sights on becoming a developed country by the centenary of independence.
Bilimoria’s statement highlights the need for deeper economic reforms and greater market liberalisation. He believes that a more open economy will accelerate growth and help India meet its long‑term development goals.
The remarks add to ongoing discussions about policy changes aimed at boosting investment, reducing regulatory barriers, and enhancing competitiveness on the global stage.
Bilimoria’s statement highlights the need for deeper economic reforms and greater market liberalisation. He believes that a more open economy will accelerate growth and help India meet its long‑term development goals.
The remarks add to ongoing discussions about policy changes aimed at boosting investment, reducing regulatory barriers, and enhancing competitiveness on the global stage.