Mon Sep 30 07:49:41 UTC 2024: ## India Set to Become a Developed Nation with $55 Trillion Economy by 2047: IMF Expert
**Hyderabad, [Date]**: India is projected to become a developed nation with a $55 trillion economy by 2047, according to Krishnamurthy Subrahmanyam, the former Economic Advisor to the Prime Minister and current Executive Director of the International Monetary Fund for India. Speaking at a recent event, Mr. Subrahmanyam expressed optimism about India’s future economic prospects.
He predicts a significant decrease in the emigration of students from India over the next decade. He believes that within the next 25 years, the outflow of educated individuals to foreign countries will practically cease. However, he emphasizes that achieving this ambitious goal necessitates full cooperation from all Indian states.
Mr. Subrahmanyam also noted that despite global economic uncertainties, India’s unemployment rate has been steadily declining. This positive trend, coupled with the projected economic growth, highlights the potential for India’s transformation into a leading global power.
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