Economic Development, Social Inclusion, and Institutional Reforms Shaping Viksit Bharat@ 2047
Dr Anish Fatima
Faculty Member
Download PDF
http://doi.org/10.37648/ijps.v21i02.004
Abstract
As India approaches its centenary of independence in 2047, the vision of Viksit Bharat seeks to transform the nation into a developed, inclusive, and globally competitive economy. This study examines India’s progress from 1991 to 2023 across three interconnected dimensions: economic growth and competitiveness, social development and inclusion, and governance strengthened through technology and institutional reforms. Using a secondary data-based research design, key indicators are analyzed through Compound Annual Growth Rate (CAGR) to assess long-term trends and structural transformations. The findings reveal sustained economic expansion, rising per capita income, and increasing foreign investment, alongside notable improvements in literacy, healthcare, sanitation, and welfare coverage. Rapid digitalization, widespread financial inclusion, and e-governance initiatives have enhanced institutional efficiency and public service delivery. While significant strides have been made, challenges remain in achieving balanced regional development, industrial competitiveness, and high-quality social services. The study underscores the importance of coordinated policy interventions integrating economic, social, and governance reforms to realize India’s aspiration of a resilient, equitable, and prosperous developed nation by 2047.
Keywords:
Viksit Bharat 2047; Economic Growth; Global Competitiveness; Inclusive Development; Education andHealthcare; Governance Reforms; Digital India,
References
- Acemoglu, D., & Robinson, J. A. (2012). Why nations fail: The origins of power, prosperity, and poverty. Crown Business.
- Aghion, P., & Hewitt, P. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323–351. https://doi.org/10.2307/2951599
- Artha Global. (2025). Industrial competitiveness and global integration report. Artha Research Publications.
- Chakra borty, L., & Karandikar, H. (2025). Technological innovations and economic development in India. Indian Economic Review, 60(1), 45–67.
- DARPG (Department of Administrative Reforms and Public Grievances). (2025). Annual report on governance reforms. Government of India.
- EY India. (2025). India at 2047: Economic growth and global competitiveness. Ernst & Young.
- ISPP (Institute for Social and Policy Planning). (2025). Digital governance and institutional reforms in India. ISPP Publications.
- Kumar, S. (2025). Digital India and inclusive development: Policy and implementation perspectives. Journal of Public Policy, 15(2), 22–41.
- Lucas, R. E., Jr. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3–42. https://doi.org/10.1016/0304-3932(88)90168-7
- Mehta, R. (2025). Youth empowerment and social inclusion programs in India. Propulsion Tech Journal, 12(4), 55– 68.
- NITI Aayog. (2025). Strategy for a developed India by 2047. Government of India.
- North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press. https://doi.org/10.1017/CBO9780511808678
- Patel, A. (2025). Inclusive growth and social development in India. Indian Journal of Development Studies, 18(1), 14–35.
- PHDCCI (PHD Chamber of Commerce & Industry). (2024). Vision 2047: Economic growth strategies for India. PHD Chamber of Commerce & Industry.
- Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5, Part 2), S71–S102. https://doi.org/10.1086/261725
- Roy, P., & Sharma, K. (2025). Mera Yuva Bharat: Programs for youth and inclusive development. Youth Policy Review, 9(2), 10–29.
- Roy, S. (2025). Technological advancements and governance reforms in India. International Journal of Public Administration, 48(6), 405–422.
- Schumpeter, J. A. (1942). Capitalism, socialism and democracy. Harper & Brothers.
- Sen, A. (1999). Development as freedom. Oxford University Press.
- Singh, R. (2025). Artificial intelligence and economic productivity in India. Journal of Innovation Studies, 7(3), 33– 50.
- Stiglitz, J. E., Sen, A., & Fitoussi, J.-P. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress. OECD Publishing.
