Vision 2047″ presents a strategic plan for transforming India into a global leader by 2047, coinciding with the nation’s 100th year of independence. The document outlines five key strategies to drive this transformation.
India’s Economic Journey: Progress and Aspirations
India has emerged as a global economic powerhouse, transitioning from an agriculture-dependent economy to a dynamic blend of industrial and service sectors. With its GDP nearly doubling over the past decade, India now ranks as the world’s third-largest economy in PPP terms and fifth-largest in nominal terms. Per capita income has quadrupled since 1991, significantly reducing poverty and improving life expectancy, education access, and overall well-being. Urbanization and industrial growth have driven the shift, supported by reforms initiated in 1991 and sustained through policy improvements, investments in health and education, and tax simplifications. As India embraces a structural shift towards manufacturing and technology-led services, it envisions doubling its economy every seven to eight years by addressing global opportunities and leveraging its skilled workforce.
Vision 2047: A Blueprint for Transformation
5 Strategies For India as a Global Leader
Global Economic Leadership
India aims to position itself as a dominant force in the global economy by expanding its share in global GDP, trade, and innovation. The strategy emphasizes the importance of education, skill development, and fostering Indian companies to become global multinationals.
Demographic Management and Welfare
The P4 (People-Public-Private Partnership) model is introduced to empower families by enhancing their access to education, healthcare, and financial services. This strategy also addresses the challenges and opportunities posed by India’s diverse and changing population, advocating for policies that ensure balanced growth across states.
Technology, Research, and Innovation
To sustain long-term economic growth, India must invest heavily in research and development, particularly in emerging technologies. The strategy calls for a robust innovation ecosystem that involves collaboration between government, industry, and academia, positioning India as a leader in technological innovation.
Energy Security
Ensuring energy security is crucial for India’s future. This strategy promotes the adoption of renewable energy sources, such as solar power and green hydrogen, alongside the democratization and digitalization of the energy sector to support sustainable growth.
Water Security
Addressing water scarcity and ensuring equitable distribution are central to this strategy. It advocates for efficient water management practices and sustainable policies to secure water resources for all.
