From $3,000 to $14,000 in 20 years.

"According to Amitabh Kant, former CEO of NITI Aayog, India needs to grow at around 9% annually if it is to become a developed economy by 2047." Compounding at 9% per year the economy will double in size every eight years, and we need to attract at least $180-200 billion in foreign direct investment annually, but that will need predictable policies. "Uncertainty over taxation, customs procedures, regulatory decisions, dispute resolution and approvals can affect the economics of long-term investment." CNBCTV18. As per the World bank's classification, a developed, or high income, country is one with a gross national income (GNI) per capita of over $13,935 per year. India's GNI per capita was just $2,760 in 2025. Bangladesh was higher at $2,840, but Pakistan was much lower at $1,500. World Bank. "Foreign investors see impressive things in India." "Yet India remains a paradox: It can attract much more foreign investment, but it will not." "A TeamLease report found that setting up a stand-alone solar plant requires 2,735 compliances. Almost 40% of these are labor related." Firing workers is difficult. So, India needs labor reforms. But, "Reforms create losers in the short run, while benefits accrue only later."As Jean Claude Juncker said, "We all know what needs to be done. We just don't know how to get re-elected after doing it," wrote, Swaminathan Aiyar. Policy decisions should not be based on a whim. "India's disastrous demonetization in 2016 offers a striking example. With barely four hours' notice, 86% of the country's currency in circulation ceased to be legal tender." "The economic damage was enormous: markets were thrown into disarray, India's economic growth slowed for four years and youth unemployment surged to 26%," Prof Kaushik Basu. To attract foreign exchange, "The Reserve Bank of India (RBI) unveiled a package centered on foreign-currency deposits from non-resident Indians." "The RBI also introduced incentives aimed at aimed at external commercial borrowings." These are short-term measures so the government is considering increasing foreign direct investment (FDI) from Rs 50 billion to Rs 150 billion without Cabinet-level scrutiny. "Foreign investors have long argued that India's dispute-resolution architecture is less attractive than competing destinations. The government is now examining changes that could make the investment regime more investor-friendly." ET. But why has it taken a possible currency crisis to agree to rules for fair trade? Why didn't we learn in 2021 when, "In a setback to India, Britain's Cairn Energy has secured a French court order to seize some 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes." NDTV. Since oil is priced in dollars, a higher price of crude will cause a higher outflow of foreign exchange and a weaker rupee. That is why the government is discussing how to be reasonable. There is also China. China had a stockpile of 1.3-1.5 billion barrels of oil, and responded to the supply shock due to the Iran war by "sharply cutting crude imports, restricting exports of refined fuels and drawing on domestic inventories." "June deliveries plunged more than 41% from a year earlier to 7.12 million barrels per day (bpd)," which "allowed the global economy to absorb the loss of over 13 bpd of Middle Eastern exports." ET. China helped us by keeping the price of oil down. But what if China increases buying to replenish its oil stores, in addition to its daily imports? The Indian government has to understand that it has to obey rules if it wants foreigners to invest here. Cannot reply with pellet guns on foreigners as they did on Indian students (NDTV). Be trustworthy. If you can.