New Delhi, Sept. 24 -- India must strengthen manufacturing, attract foreign investment and create jobs suited to an artificial intelligence-driven economy as it seeks to become a developed nation by 2047, Chief Economic Adviser V Anantha Nageswaran said.

Addressing the 13th SBI Banking & Economics Conclave 2026, Nageswaran said India's development transition is taking place amid a global environment marked by geopolitical tensions, weaponisation of supply chains, climate variability and competition from China's manufacturing capabilities.

"We have to reimagine and be prepared to reinvent many of the ways in which we operate, whether you are in the private or the public sector," he said, highlighting the need for India to build resilienc...