VIKSIT BHARAT 2047: A ROADMAP TO BECOME A DEVELOPED NATION

India has set an ambitious target to achieve the status of a developed nation by 2047, marking the centenary of its independence. The 'Viksit Bharat' initiative outlines a comprehensive roadmap focusing on economic acceleration, inclusive growth, and human capital development.

A central pillar of this vision is transforming India into a $10 trillion economy. Currently the world's fourth-largest economy with a GDP of $4.5 trillion, India needs substantial growth. This involves doubling its share of international trade to 10% of global exports and significantly boosting Foreign Direct Investment, which is currently just under $100 billion annually. Achieving these targets necessitates deep-seated economic reforms in land, labor, power, agriculture, infrastructure, and regulatory frameworks.

Beyond sheer economic expansion, the initiative stresses the importance of inclusive growth, ensuring that prosperity reaches the most vulnerable. While existing welfare schemes are acknowledged, a national focus on job creation for the youth is paramount. The strategy encourages fostering an ecosystem where young people become entrepreneurs and job creators, addressing current economic inequalities and moving towards a more egalitarian society.

Crucially, the plan highlights the need for a revolution in education and skills development. Recognizing the limitations of rote learning, the initiative prioritizes skilling and re-skilling graduates for employability. Vocational training, industry-academia collaboration, and imparting advanced tech skills, including artificial intelligence, are to be pursued with mission-mode urgency. Increased spending on education and a strong emphasis on Research and Development across all sectors are also integral to this vision for a developed India.