VikSit Bharat 2047: Navigating India's Development Odyssey

Naveen Kumar and , Xyz

No 7ac4e, SocArXiv from Center for Open Science

Abstract: India's economic momentum, driven by a burgeoning middle class and progressive regulations, surged by 7.6% in 2023, positioning it to become the world's third-largest economy by 2027. Amid global challenges, India's robust recovery instills optimism, with forecasts envisioning a transition to high-income status, surpassing $30 trillion GDP. Amidst this growth, lies the vision of a ‘Viksit Bharat’ (developed India) by 2047, marking 100 years of independence. Accounting for climate and oil shocks, our projections outline divergent scenarios for achieving high-income status by 2045 or 2080, underscoring the imperative of sustained development efforts for a prosperous Bharat.

Date: 2024-04-02
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:7ac4e

DOI: 10.31219/osf.io/7ac4e

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