"Even China, Brazil, and Malaysia are regarded as developing countries," he pointed out in a response on social media platform X (formerly Twitter). As of 2022, India's GNI per capita stood at $6,951, a rise from $6,542 in 2021, based on the Human Development Index.

Citing projections by the International Monetary Fund (IMF), Kant underscored that India is set to contribute nearly 20 percent of the world's economic expansion over the next decade.

"We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world. And our aim is that by the time we turn 100 in 2047, India should be a USD 35 trillion economy," Kant said while addressing a session at Mumbai Tech Week (MTW) hosted by Tech Entrepreneurs Association Mumbai (TEAM).