NEW DELHI: Prime Minister Narendra Modi has set an formidable goal of creating India a advanced country via way of means of 2047.
During his speech at Red Fort to mark the 76th Independence Day, the PM coined `Panch Pran' or lifeblood resolves for the country while it celebrates its a hundredth 12 months of Independence in 2047. "For the subsequent 25 years, we want to consciousness at the 'Panch Pran'. The first is making India a advanced usa," he had said.
panch pran
Though there's no worldwide consensus on what parameters a growing country has to move to be declared a advanced usa, professionals screen positive signs to decide a country's progress. 
Human Development Index
A advanced usa is generally characterized via way of means of a highly excessive stage of financial growth, a popular trendy of living, and better according to capita profits in addition to appearing nicely at the Human Development Index (HDI) that consists of education, literacy and health.
The HDI is a statistical composite index combining elements together with lifestyles expectancy, education, and according to capita profits this is used to classify international locations into 4 stages of human improvement: Very excessive, excessive, medium and low. The HDI makes use of common annual profits and academic expectancies to rank and evaluate countries, and compare the extent of man or woman human improvement in every usa. 
As according to the closing Human Development Report, the HDI rank of India is 131 (out of 189), with a rating of 0.645. India is classified as having Medium Human Development.
Norway tops the listing with an HDI rating of 0.957 whilst the United States has a rating of 0.926 and ranks 17. China has an HDI of 0.761 and ranks 85 -- it had a rating of 0.645 lower back in 2006. 
The United Nations Development Programme (UNDP) commenced publishing its annual HDI record in 1990. At the time, India had a rating of 0.429.
Economic growth
India is the world's sixth-biggest economic system with a GDP of USD 2.7 trillion (regular 2015 US$), and is predicted to develop at over 7% withinside the cutting-edge monetary 12 months finishing in March 2023 - the quickest amongst primary economies. China had reached the USD 2.7 trillion-mark lower back in 2000.

Most developing countries have these criteria in common: High levels of poverty – measured based on GNI per capita averaged over three years. For example, if the GNI per capita is less than US$1,025 (as of 2018) the country is regarded as a least developed country.