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Economy and Finance

Economy and Finance

Viksit Bharat @2047

28 Dec 2023 Zinkpot 353
  1. The Viksit Bharat Vision, also known as Viksit Bharat @2047, is an ambitious initiative of the government of India to transform the nation into a developed entity by the centenary of its independence in 2047. 
  2. This vision encompasses various aspects of development, including economic growth, social progress, environmental sustainability, and effective governance.
  3. The economic growth targets include projections for India's gross domestic product (GDP) and per capita GDP, as well as export targets.
  4. The specific targets set for economic growth in the Viksit Bharat Vision include the following projections:
    • India's gross domestic product (GDP) is projected to reach $6.69 trillion by 2030, $16.13 trillion by 2040, and $29.02 trillion by 2047.
    • The per capita GDP at current prices is projected to be $4,418 by 2030, $10,021 by 2040, and $17,590 by 2047.
    • The export targets are $1.58 trillion by value in 2030, $4.56 trillion by 2040, and $8.67 trillion by 2047.
  5. These targets are part of the comprehensive economic plan outlined in the Viksit Bharat Vision, which aims to propel India towards becoming a $30-trillion developed economy by 2047.
  6. However, specific targets for social progress are not explicitly mentioned in the available sources. The initiative emphasizes the pivotal role of educational institutions and individuals in shaping the nation's future and stresses the inclusive nature of Viksit Bharat's progress, highlighting the significance of collective efforts and public participation in achieving the vision.
  7. The initiative also calls for environmental sustainability and effective governance as key aspects of development.
  8. Key principles of the Viksit Bharat Vision: 
    • Comprehensive Development: The vision encompasses various aspects of development, including economic growth, social progress, environmental sustainability, and good governance.
    • Youth Involvement: Actively involving the youth in the formulation of national plans, priorities, and goals, providing a platform for the youth to contribute their ideas and efforts towards building a developed India.
    • Technological Advancements: Embracing emerging technologies like artificial intelligence, renewable energy, and sustainable practices, and advocating for responsible AI, data privacy, and cybersecurity measures to protect individuals and maintain the integrity of digital systems.
    • Inclusive and Progressive Growth: The vision is deeply rooted in socio-economic equality, advocating for inclusive policies and opportunities, and working towards a society where every individual, regardless of gender, caste, or economic background, has equal opportunities.
    • Education and Innovation: Placing education at the forefront of transformation, and recognizing the youth as a powerhouse of energy, ideas, and innovation, and their collective voice as a driving force for progress.
  9. These principles reflect the holistic and inclusive nature of the Viksit Bharat Vision, emphasizing the importance of collective efforts, youth participation, and technological advancement in achieving the goal of a developed and empowered India by 2047.
     

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