Charting the path to a developed India: Viksit Bharat 2047

Souryabrata Mohapatra and Sanjib Pohit ()

No 167, NCAER Working Papers from National Council of Applied Economic Research

Abstract: How can India leverage its potential and implement effective strategies to become a developed nation by 2047? In his 2022 Independence Day speech, the Prime Minister (PM) outlined an ambitious vision for transforming the nation into a developed country by 2047—‘Viksit Bharat (VB)’. It aims to reshape India into a technologically advanced, economically strong and socially inclusive nation. This paper delves into the various aspects of VB, examining the critical strategies and policies required to achieve this transformation. It highlights significant progress in green energy, infrastructure development and socio-economic programmes and discusses the necessary reforms to achieve Viksit Bharat and a $30 trillion economy. The goal of achieving a $30 trillion economy by 2047 is a cornerstone of the VB vision, encompassing a broad vision for holistic development, renovating India into a prosperous, inclusive and sustainable nation. The study explores India’s unique opportunities in the context of its demographic dividend, technological advancements and socioeconomic initiatives. By drawing insights from historical transformations, the paper presents a strategic roadmap for India, emphasising the importance of coordinated efforts across energy, infrastructure, agriculture, services and governance sectors. It underscores the interlinked nature of these initiatives and the vital role of governance, technology and economic growth in realising ‘India@2047’—India’s future on the occasion of its 100th anniversary of independence. This paper provides a comprehensive guide for policymakers, outlining the path to a prosperous and developed India.

Keywords: : Viksit Bharat; Energy efficiency; Sustainable agriculture; Enhanced infrastructure; Inclusive service and governance (search for similar items in EconPapers)
JEL-codes: O10 O22 Q01 R11 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2024-05-24
New Economics Papers: this item is included in nep-env, nep-ipr and nep-mac
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