Apr 25, 2024
Viksit Bharat by 2047
The blueprint for India to become a developed country by 2047, with a focus on sustainability, inclusion, and women-led growth:
Economic Growth: The GDP is projected to grow at an average rate of 6.7% until 2047, with the size of the economy reaching $34.7 trillion by 2047, up from $3.7 trillion currently.
Per Capita Income: The goal is to increase per capita income to $21,000 by 2047.
Government Positions: Filling vacant government positions at the national and state levels, including judiciary, police, medical, military, and paramilitary, is a key enabler.
Sectoral Share in GDP: By 2047, the share of agriculture in the overall GDP is expected to decrease to 12% from 20% in 2023, while the share of manufacturing is expected to increase from 16% in 2023 to 25% in 2047. The share of services is expected to remain at 54%.
Promising Sectors: Enhancing the global scalability of promising sectors such as the automobile sector, Fast Moving Consumer Goods, fintech, information technology, and pharmaceuticals is crucial.
Semiconductor Industry: A special focus on the development of the semiconductor industry is recommended.
Start-up Ecosystem: Continued support to the start-up ecosystem is recommended to help it become the second largest in the world by 2030.
Exports: 75 products that need to be focused on to enhance export volumes in global trade have been identified. These products currently contribute around $222 billion, which is almost 50% of India’s total exports.
Reform Measures: Introducing reform measures in the agriculture and food processing sector is recommended.
Education and Skill Development: Boosting education and skill development by ensuring the presence of schools within a radius of 1 km, colleges within a radius of 10 km, and universities within a 25-km radius in the next five years is suggested.
Sustainability: Emphasizing sustainable practices across all sectors, promoting renewable energy, and implementing policies to combat climate change.
Inclusion: Ensuring equal opportunities for all, irrespective of gender, caste, religion, or economic status. This includes access to quality education, healthcare, and employment opportunities.
Women-led Growth: Encouraging women’s participation in all sectors, promoting women entrepreneurship, and ensuring gender equality in leadership roles.
This blueprint aims to guide India towards becoming a developed nation by its 100th year of independence in 2047. It’s an ambitious plan that will require significant effort and coordination across all sectors of the economy. It also underscores the importance of sustainability, inclusion, and women-led growth in achieving this goal.
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