India will be developed nation by 2047: PM Modi

New Delhi: Prime Minister Narendra Modi said that India’s economic growth is a ‘natural by-product’ of his nine-year-old Government’s political stability, and expressed optimism that it will be a developed nation by 2047. The PM also stressed on the need for timely and clear communication of policy stance by central banks, and policy actions by each country in their fight against inflation so that it can prevent negative repercussions on others countries.