Stable institutions and reforms key to India's 2047 developed nation goal: Trichet

Former European Central Bank president Jean-Claude Trichet has underscored the importance of institutional stability and sustained economic reforms for India to achieve developed nation status by 2047. Trichet stressed the need for resilient democratic institutions to support this long-term vision.

Trichet cautioned against global risks including over-indebtedness and potential market corrections that could derail growth. He also flagged artificial intelligence as a double-edged technology that will present both challenges and opportunities, calling for robust global regulatory frameworks to manage its impact.