Poonam Gupta, the Deputy Governor of the Reserve Bank of India, highlighted the country's progress towards macroeconomic stability and accelerated growth in a recent speech. She noted that the growth gap between India's richer and poorer states has narrowed significantly, leading to a more equitable distribution of welfare and development indicators, including literacy, nutrition, and access to basic services. Over the past two decades, every state has recorded substantial increases in per capita gross state domestic product (GSDP), indicating that India's growth story is broad-based and not limited to a few regions. If these growth trajectories are maintained, Gupta projected that the average state per capita income could approach high-income thresholds by 2046-47. This growth will be bolstered by below-median states, which are expected to play a crucial role in this expansion. To realize this potential, Gupta emphasized the need for tailored growth strategies that leverage local strengths and address specific developmental stages, alongside collaborative efforts among states to enhance their comparative advantages.