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    "headline": "India's 2047 Developed Nation Goal Remains Viable Despite Growth Gaps",
    "dek": "India's chief economic advisor argues the nation's path to developed status by 2047 is achievable with modest growth adjustments.",
    "prose": "India reported real GDP growth of 7.8% year-on-year in the first quarter of 2026-27, with nominal growth at 10.3%. [^1]\n\nJ.P. Morgan cites high volumes of gold exports and large tourism flows as key drivers of the Dominican Republic's strong balance of payments. [^2]\n\nJ.P. Morgan reports that the Dominican Republic has a stronger balance of payments compared to other Latin American countries. [^3]\n\nJ.P. Morgan states that the Dominican Central Bank is now allowing the peso to float more freely with less intervention than in the past. [^4]\n\nThe Dominican Republic dedicates one-quarter of all tax revenue to paying interest on its internal and external debt. [^5]\n\nCorrecting the measurement methodology shows the shortfall between India's current growth and the 2047 developed nation target is only about half a percentage point. [^6]\n\nIndia has maintained annual growth above 7% since the pandemic, while reducing its debt-to-GDP ratio by about 7 percentage points since 2020-21. [^7]\n\nThe author, India's chief economic advisor, argues that a comparison between real growth and dollar-denominated requirements used by Bloomberg is methodologically flawed. [^8]",
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