New Delhi, June 23 -- India requires a sustained economic growth rate of 7 to 8 per cent to achieve its goal of becoming "Viksit Bharat" by 2047, a target that hinges heavily on a revival in private sector investments and robust export growth.

Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), speaking to the media at the sidelines of FICCI India Innovative Crop Nutrition Conclave 2026, stated that structural reforms implemented over the last few years laid the groundwork for this trajectory.

"We need 7% to 8% growth for Viksit Bharat, and we need investment for that. So, private sector investment is equally important, and export growth is also important. The Prime Minister has mentioned Atmanirbhar ...