India to become high middle income economy in next 30 years

New Delhi, Nov 4 (UNI) World Bank CEO Kristalina Georgieva on Saturday said that reforms including the Goods and Services Tax (GST) push by the government will take India to a high middle income economy in next 30 years.

She said, “I have no doubt that when India hits another century, the century of independence in 2047, most people in India would be the part of global middle class. India will be a high middle income country," she said.

Addressing the 'India's Business Reforms' session here today, Ms Georgieva said that India has achieved "extraordinary" achievement of quadrupling of per capita income in last few decades.