India Higher Middle-income Country

A day after Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board today endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.

Economy needs to grow 8% and higher a year for the next three decades to join the ranks of middle-income countries, says World Bank.

A day after Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board today endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.

Economy needs to grow 8% and higher a year for the next three decades to join the ranks of middle-income countries, says World Bank.