New Delhi, July 2 -- I asked ChatGPT how rich Indians must become for the country to be considered a "developed" nation by international standards. The artificial intelligence chatbot felt that there were no straight metrics where household income could determine the developed status of a country, but as "rough rule of thumb", India would need to have sustained a nominal GDP per capita of at least $20,000-30,000 over many years before being referred to as "developed".

Concurring with this, Axis Bank chief economist Neelkanth Mishra wrote for another publication that India achieving high income status is contingent on faster capital formation, improved credit access, increased female workforce participation, and significant investment in ...