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Road to developed economy: Country needs to foster a strong synergy between urban and rural India

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The Viksit Bharat initiative aims to elevate the average income of 1.5 billion Indians to match that of developed nations by 2047. India's urban population is expected to grow from 34% in 2018 to 40% by 2030, while the rural population will see a slight decrease. To achieve developed status, a strong synergy between urban and rural areas is essential.  By Geetanjali Vikram Kirloskar Viksit Bharat's goal is for the average income of 1.5 bn Indians to be comparable to that of the world's developed nations by 2047. India's urban population will increase from 34% of its total population (470 mn) in 2018 to 40% (600 mn) by 2030. During the same period, its rural population is projected to decrease from 920 mn in 2018 to 900 mn in 2030, a 2.17% dip. For India to become a developed economy, we need to foster and maintain a strong synergy between urban and rural India. While the key objective of the National Industrial Corridor Development Programme (NICDP) is to make India a g