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Charting the path to a developed India: Viksit Bharat 2047

Author

Listed:
  • Souryabrata Mohapatra

    (National Council of Applied Economic Research)

  • Sanjib Pohit

    (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.

Suggested Citation

  • Souryabrata Mohapatra & Sanjib Pohit, 2024. "Charting the path to a developed India: Viksit Bharat 2047," NCAER Working Papers 167, National Council of Applied Economic Research.
    • Handle: RePEc:nca:ncaerw:167
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    File URL: https://www.ncaer.org/publication/charting-the-path-to-a-developed-india-viksit-bharat-2047
    File Function: First version, 2024
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    More about this item

    Keywords

    : Viksit Bharat; Energy efficiency; Sustainable agriculture; Enhanced infrastructure; Inclusive service and governance;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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