Will an oil shock and trade turmoil get in the way of India’s 2047 aim? Let’s acquire resilience against setbacks
All of this plays out against a longer-run backdrop that makes energy resilience a strategic imperative, not a policy option. India’s GDP per capita stands at roughly $2,700 today. Reaching high-income status by 2047, the stated Viksit Bharat goal, requires nominal GDP per capita in US dollar terms to grow at around 8% annually for the next two decades. Achieving that requires, inter alia, building buffers against energy disruptions.
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