AI Could Make India A Developed Economy By 2047: CEA Nageswaran

AI could shape India’s ability to become a developed economy by 2047, said Chief Economic Adviser V. Anantha Nageswaran at the India Investment Seminar 2026.

Nageswaran said that the global economic order is increasingly being shaped by power and bargaining rather than rules.

He highlighted that the interaction between India’s demographic trajectory and AI will influence its development path. AI could reshape the relationship between economic growth, productivity and employment as India seeks to leverage its workforce advantage.

According to Nageswaran, the challenge will be to ensure that technological change strengthens productivity and creates opportunities while the country’s demographic structure evolves.

Per a Mint report, Nageswaran said that the other factors that would add to this growth are geopolitical realignment, strategic supply-chain chokepoints, China’s manufacturing scale, and climate variability.

Taken together, the 5 shifts suggest that India’s path to becoming a developed economy will depend not only on domestic growth but also on how effectively it manages external vulnerabilities.

Nageswaran’s message was that the changing global environment should accelerate India’s efforts rather than delay them. For a country targeting developed-economy status by 2047, resilience in critical supplies, industrial depth, climate adaptation, technological capability and strategic partnerships will increasingly become part of the growth equation.