India can become a developed country by 2047, talk in report

According to the new research titled “The Middle-Incoming Trap”, India does not need to follow the traditional way of development that connects it with per capita income. India can get the status of a developed country by 2047 by developing on all fronts simultaneously. In its report titled “Innovating from Middle-Ekam Trap”, the Chintan Research Foundation (CRF) has suggested that a country like India does not require a linear (step-by-step) method, as it has a young, strong and efficient work force.

The traditional model of development is based on last year’s World Bank’s “Middle-Ekam Trap” report, stating that low-income countries should first invest in infrastructure. Start “Infusions” when they reach the low-middle-insual level, and when the per capita income reaches above \ $ 14,000, then only innovation and technology should be exported globally.

But the report of the Chintan Research Foundation says that India is in a hasty to become a developed nation. Keeping in mind the “developed@47” target and it does not have the “luxury” to follow the development model suggested by the World Bank. “Developed India” is not a jump, but an expansion of measuring and durable tendencies. However, India is moving fast with full steps.

The report states that the World Bank’s warnings for “leapfrogging” (directly going on innovation, proceeding without a phased manner) deny the possibility of rapid progress. It strengthens traditional thinking. ‘Others put 20 years on this path, so you should spend the same time.’

The CRF stated that its research shows that scientific production continues in India, Indian researchers are equivalent to or beyond many upper-medium income countries, and are flowing towards talent search and research, not far away from it.

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