India in 2047: A Reform Blueprint of Concepts to Propel theJourney to Viksit Bharat
Naghma Mohammed Siddiqui
Research Scholar, Department of Political Science Bharatiya Engineering Science and Technology Innovation University (BESTIU) Goratla, Ananthapuramu District, Andhra Pradesh
Dr. D. Punyavathi
Assistant Professor, Department of Political Science Government Degree College (A), Khairatabad, Hyderabad, Telangana
Download PDF
http://doi.org/10.37648/ijps.v21i03.010
Abstract
India's "Viksit Bharat @2047" vision aims to transform India into a developed nation by the time it reaches its centenary. The vision focuses on achieving a $30 trillion economy through innovation, technology (Digital Public Infrastructure like UPI/Aadhaar), infrastructure (ports, green energy), and human capital (education, skills). This will require bold reforms in governance, ease of doing business, agriculture, and social welfare, as well as leveraging India's youth demographic while ensuring sustainability and inclusion for a prosperous and self-sufficient future. In the year 2047, India will celebrate one hundred years since it gained its independence. In a little more than twenty years, the nation has the potential to become one of the top three economies in the world, a technical powerhouse, and a decisive voice in global business and geopolitics. On the other hand, this rise is not something that is unavoidable. To achieve that objective, it will be necessary to make courageous choices, implement significant changes, and maintain a firm dedication to inclusive and sustainable growth. It is a to-do list for legislators, industry, and citizens alike, and this special edition of Business Today traces that route with one hundred proposals for radical reform. Diverse ideas have been purposefully included. Some of them are minor adjustments, while others are more significant changes. When taken as a whole, they are indicative of a desire; the growth story of India needs to be advanced even further.
Keywords:
Blueprint; innovation; governance; industry
References
- Bhandari, B., Choudhuri, P., Sahu, A. K., Bandyopadhyay, S., Duggal, M., Prabhakar, J., Bhattacharjee, M., Rawat, P., Bhattacharya, T., Bhadury, S., Bahal, G., & Sanyal, R. (2023, March 10). Skilling India: No time to lose. NITI Aayog. https://www.ncaer.org/publication/skilling-india-no-time-to-lose
- Economic Survey (2023-24). (2024). Ministry of Finance, Government of India. https://www.indiabudget.gov.in/economicsurvey/
- India needs average annual growth of 7.6% to become a developed nation by 2047: RBI article. (2023, August 22). Outlook Business. https://www.outlookbusiness.com/news/india-needs-average-annual-growth-of-7-6-tobecomedeveloped-nation-by-2047-rbi-article-news-303635
- INDIA@100: Realizing the potential of a $26 trillion economy. (n.d.). EY. https://www.ey.com/en_in/insights/indiaat-100
- Madgavkar, A., Piccitto, M., White, O., RamÃrez, M. J., Mischke, J., & Chockalingam, K. (2024, May 2). A microscope on small businesses: Spotting opportunities to boost productivity. McKinsey Global Institute. https://www.mckinsey.com/mgi/our-research/a-microscope-on-small-businessesspotting-opportunities-to-boostproductivity
- SDG India Index 2023-2024. (2024, July). United Nations Development Programme. https://www.undp.org/india/publications/sdg-india-index-2023-2024
- Virmani, A. (2024, July 19). Viksit Bharat: Unshackling job creators and empowering growth drivers (Working Paper). NITI Aayog. https://www.niti.gov.in/sites/default/files/2024-07/WP_Viksit_Bharat_2024-July-19.pdfVirmani, A. (2024, July 19). Viksit Bharat: Unshackling job creators and empowering growth drivers (Working Paper). NITI Aayog. https://www.niti.gov.in/sites/default/files/2024-07/WP_Viksit_Bharat_2024-July-19.pdf
