India as a developed country by 2047 essay

NEW DELHI: Prime Minister Narendra Modihas set an ambitious target of making India a developed nation by 2047.

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During his speech at Red Fort to mark the 76th Independence Day, the PM coined 'Panch Pran' or lifeblood resolves for the nation when it celebrates its 100th year of Independence in 2047. "For the next 25 years, we need to focus on the 'Panch Pran'.

The first is making India a developed country," he had said.

Though there is no global consensus on what parameters a developing nation has to cross to be declared a developed country, experts monitor certain indicators to determine a nation's progress.

Human Development Index
A developed country is typically characterised by a relatively high level of economic growth, a general standard of living, and higher per capita income as well as performing well on the Human Development Index (HDI) that includes education, literacy and health.
The HDI is a statistical composite index combining factors such as life exp

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