How rich must Indians be for India to be called developed?

India is on a trajectory to potentially achieve high-income status by the late 2040s, but requires sustained annual per capita GDP growth of at least 9%. Accelerating this growth hinges on boosting female workforce participation, enhancing capital formation through improved credit access, and prioritizing productivity gains via significant investment in indigenous technology. Fostering a high-trust society and increasing risk appetite are crucial for this ambitious goal.