Viksit Bharat (Developed India) by 2047

General Studies Paper-3

Context: Lok Sabha Speaker Om Birla outlined a comprehensive roadmap for achieving the national vision of Viksit Bharat (Developed India) by 2047.

About

• India’s vision for 2047, known as ‘Viksit Bharat’ (Developed India), aims to transform the nation into a developed economy by the time it celebrates its 100th anniversary of its independence.
• The four pillars of Viksit Bharat are Yuva (Youth), Garib (Poor), Mahila (Women) and Kisan (Framers).
• It requires comprehensive efforts across various sectors, including economic growth, social equity, global competitiveness, environmental sustainability, industrial modernization and good governance.

Major Highlights

• Economic Growth Trajectory: Growth rate increased from 2.9% (1951–52) to 7.6% (2023–24).
• GDP to surpass USD 7 trillion by 2030 and projected to reach USD 34.7 trillion by 2047, as per the PHD Chamber of Commerce and Industry (PHDCCI).
• Per Capita Income: Estimated to reach USD 4,667 by 2030 and USD 21,000 by 2047.
• Sectoral Contributions to GDP (By 2047):
  • Agriculture: From 20% (FY23) to 12%.
  • Industrial Sector: To reach 34%.
  • Manufacturing Sector: To reach 25%.
  • Services Sector: Stable at around 54%.
• Key Enablers:
  • Ease of doing business.
  • Global scalability of promising sectors to become MNCs.
  • Development of the semiconductor industry.
  • Support for the startup ecosystem.
  • Export capacity building.
  • Reforms in agriculture and food processing.
  • Filling vacant positions in government (National and State levels).
  • Digital transformation acceleration.
  • Boost to the renewable energy sector.
  • Investment in physical infrastructure.
• Global Standing Goals: 2nd largest Economy in Asia-Pacific by 2030.
  • 3rd largest economy globally by 2030.
• Renewable Energy Goals: India ranks 4th globally in renewable energy.
• Government target: 500 GW of installed renewable capacity by 2030.
• PHDCCI projections: 900 GW by 2040 and 1500 GW by 2047.
• Digital & AI Adoption: Internet usage rose from 8% in 2010 to 52% in 2024, projected to reach 82% by 2047.
  • Projected to rank among the top 5 globally in AI readiness by 2047.
• India’s Innovation-Driven Growth: Global Innovation Index rank improved from 52nd in 2019 to 39th in 2024.
  • PHDCCI projects India will be among the top 5 innovation leaders by 2047.
  • The semiconductor industry is projected to reach USD 750 billion by 2047.

Government Initiatives

• Impact of Government Initiatives: Make in India, Digital India, Gati Shakti, Bharatmala, Udaan Yojana, and electronic manufacturing clusters are reshaping infrastructure and commerce.
• Policy Reforms:
  • Simplification of industrial policies.
  • Transparent tax regime.
  • Single-window clearance system.
  • All contributing to a more business-friendly environment.

Conclusion

• India is progressing steadily toward economic prosperity and innovation leadership.
• Marked by resilience, adaptability, and focus on inclusive growth.
• Positioned to become a key global economic player by 2047.