Subbarao also recalled that the Prime Minister said that India must become a developed country by 2047.
Former RBI governor D Subbarao. (X)
Even after becoming the third largest economy in the world by 2029 as envisaged by Prime Minister Narendra Modi, India may still be a poor country and there is no reason for celebration, former RBI D Subbarao said in Hyderabad on Monday. Citing Saudi Arabia’s case, he said becoming a rich country does not necessarily mean becoming a developed nation.