Note Part 19. India a Developed Nation in 2030


I HAD PUBLISHED A NOTE LISTING OUT HUNDRED MAJOR ECONOMIC, FINANCIAL AND GOVERNANCE POLICY REFORMS AND INVESTMENT STIMULATING MEASURES WHICH INDIA NEEDS TO TAKE TO BUILD THE $10 TRILLION ECONOMY BY EARLY 2030s. THIS NOTE IS AVAILABLE AT subhashchandragarg.blogspot.com.

THIS NOTE SUMMARISES THE MEASURES PROPOSED FROM SECTORAL AND THEMATIC PERSPECTIVE. THIS IS ALSO AVAILABLE at subhashchandragarg.blogspot.com.


19. India a Developed Nation in 2030


•      India was a poor nation in 1950s. International Development Agency (IDA) was created largely to help finance India’s development needs. At one stage, over 40% of annual financing of IDA was committed to India.

•      India has transformed from low income country to a lower middle-income country some years back and now moving stridently towards becoming an upper middle-income country.


•      In line with the changing profile of the country, India has gradually eliminated taking aid from bilateral donors. India has also graduated from IDA.

•      As we move further, we should plan our roadmap for declaring ourselves as a Developed Nation and re-orient our international engagement accordingly.

•      2030 should be the year when India becomes a truly developed nation with her citizens enjoying the quality life with high income, freedom and happiness.


  1. India should announce itself as a Developed Nation in 2030 shedding the tag of Developing Country. Upon declaring such a status, (i) India should voluntarily stop borrowing from the World Bank and all other multi-lateral Banks; (ii) India should stop availing any concessions and special privileges available to a developing country in WTO; (iii) India should stop asking for any special and differentiated treatment in climate or any other international treaty and agreement. Additionally, India should consider converting its EXIM Bank into an India International Development Assistance Agency (IIDAA) sometime by 2022, India should be a significant provider of aid and assistance to developing countries in Africa and South Asia in 2030. India should also consider joining OECD as a member or create an alternate OECD type organisation for emerging market countries which have become upper middle-income countries or are on course of doing so.India should be a hugely influential nation economically leading the pack in G-20 and other forum.





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