India needs to strive to be USD 30 trillion economy by 2047 to become developed country, avoid middle income trap: NITI Aayog paper

New Delhi [India], July 27 (ANI): India needs to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum to become a developed economy, NITI Aayog has said in an approach paper 'Vision for 'Viksit Bharat @2047'.

According to the paper, which was discussed in the NITI Aayog meeting on Saturday, India needs to avoid the middle-income trap.

The paper said that Viksit Bharat is envision