India will aim to become a developed nation within 25 years, Prime Minister Narendra Modi said in a national day address on Monday, with policies to support domestic production in power, defence and digital technology. The World Bank currently categorises India as a lower-middle income economy - meant for countries with a gross national income per capita of between $1,086 and $4,255. High income countries, like the United States, have a per capita income of $13,205 or more. Countries like the United States already see India as a future challenger to China's dominating influence in Asia and beyond. U.S. President Joe Biden on Sunday congratulated India for its national day and said the United States and India were "indispensable partners" that would continue to work together to address global challenges in the years ahead.
