India's Path to 2047 Prosperity Lies in Subnational Growth Strategies, Says RBI Deputy Governor Poonam Gupta

India's Path to 2047 Prosperity Lies in Subnational Growth Strategies, Says RBI Deputy Governor Poonam Gupta

Get latest articles and stories on Business at LatestLY. India's ambition to achieve high-income status by 2047 will depend less on national-level macro policy alone and more on how effectively states craft and execute growth strategies tailored to their local strengths, the Reserve Bank of India's Deputy Governor Poonam Gupta said in a speech at the Columbia Indian Economy Summit 2026 on Monday. She argued that sustaining or exceeding recent gr…

Poonam Gupta: State-led growth strategies key to India’s high-income goal by 2047

India’s aspiration to become a high-income economy by 2047 will depend not only on national macroeconomic policies but increasingly on how effectively states design and implement growth strategies suited to their individual strengths, Poonam Gupta said on Monday.