India’s progress toward becoming a developed nation by 2047 will depend on how effectively it responds to global shifts, builds capabilities at scale and ensures accountability in delivering outcomes, an official statement said on Friday, adding that agility, ability and accountability are key imperatives for achieving ambitions.
The statement from KPMG in India said these three defining imperatives help India navigate geopolitical change, technological disruption and evolving citizen expectations.
India must focus on translating the strong foundations built over the past decade in infrastructure, digital public infrastructure, financial inclusion, manufacturing and public investment into long-term competitiveness, resilience, innovation and opportunity.
It is emphasised the role of capital-driven growth, technology-driven processes and people-driven institutions as key engines of transformation.
It called for stronger capabilities in strategic sectors such as AI, semiconductors, renewable energy, defence manufacturing, pharmaceuticals, agriculture and food processing.
The interaction of these three principles will determine how effectively India converts aspiration into achievement, investment into value, and growth into broad-based impact.
The long-term success will depend on how effectively we translate our strengths into greater productivity, stronger capabilities and globally competitive enterprises.
The Viksit Bharat @2047 initiative seeks to evolve India as a developed nation by its centenary of independence, in 2047. This forward-looking plan focuses on inclusive growth and sustainable development with effective governance. Key to this transformation is the active participation of India’s youth, who are seen as both the agents and the recipients of change.
This approach promotes innovation and advancement as we as self-reliance, thus accelerating the achievement of Viksit Bharat 2047.
Objectives of Viksit Bharat 2047
Viksit Bharat’s primary goal is to transform India into a developed nation by 2047 through inclusive economic participation for all citizens. It aims to take India’s economy to $30 trillion within just two decades. The strategy is on consolidating infrastructure, expanding social welfare schemes, driving economic growth, promoting sustainable development, and enhancing both ease of living and ease of doing business.