India’s ambitious vision of becoming a developed nation by 2047 hinges on sustaining an average nominal GDP growth rate of approximately 10% annually, underscored by current market valuations and economic expansion. Rajiv Memani, newly appointed president of the Confederation of Indian Industry (CII), emphasizes the pivotal role of an impending interim trade agreement with the United States in dispelling market uncertainties and opening expansive opportunities for Indian enterprises, particularly in labour-intensive sectors.