Govt laying process of development beyond election cycles: Vaishnaw

The government is laying the process of development which is 'beyond the cycle of elections' for India to be able to grow six to seven times the current level to become a developed nation by 2047, Union Minister Ashwini Vaishnaw said on Tuesday.

Addressing a symposium by the Indian Foundation for Quality Management (IFQM), the Minister for Railways, Information and Broadcasting, and Electronics & IT, said one of the key elements of the government's goal of a developed nation is having "a very inclusive and harmonious society".

For India to become a developed nation by 2047, the target for measurable parameters is "USD 18,000 per capita income and USD 30 trillion nominal GDP", he said.

"Today, we are just shy of USD 4 trillion nominal (GDP), just shy of about USD 3,000 nominal per capita. It means we have a path where we need to grow about '6x' '7x' in the next 25 years," Vaishnaw asserted.

Sharing the government's approach to meet the target, the minister said, "It needs a very ...