IAS Gyan

Daily News Analysis


31st October, 2023 Economy

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Picture Courtesy: indbiz.gov.in

Context: The NITI Aayog is in the final stages of creating a vision document called 'Viksit Bharat @ 2047,' which aims to make India a developed country by 2047.


  • The draft of the 'Viksit Bharat @ 2047' vision document, aimed at transforming India into a $30 trillion economy by 2047, is in its final stages, with a release expected by December.
  • NITI Aayog, the apex policy think tank, has consolidated ten sectoral thematic visions into this comprehensive document.
  • The document outlines the sectors and technologies in which India should lead by 2047 and addresses the necessary institutional and structural reforms.

Key Objectives

Economic Transformation

  • Strive towards a $30 trillion economy by 2047.
  • Ensure sustainable and equitable growth, emphasizing both urban and rural development.
  • Promote innovation, entrepreneurship, and technological advancements to drive economic prosperity.

Human Development

  • Enhance healthcare, education, and skill development initiatives.
  • Aim for an average life expectancy of 71.8 years and a literacy rate of 89.8% by 2047.
  • Empower the youth with quality education and relevant skills.

Infrastructure Revolution

  • Build world-class infrastructure, fostering connectivity and accessibility.
  • Invest in smart cities, efficient transport networks, and sustainable energy solutions.
  • Prioritize rural infrastructure development to bridge the urban-rural divide.

Environmental Sustainability

  • Mitigate climate change and reduce environmental degradation.
  • Conserve natural resources and promote renewable energy adoption.
  • Strive for a carbon-neutral economy, emphasizing eco-friendly practices.

Social Welfare

  • Ensure social security, poverty alleviation, and inclusive development.
  • Focus on marginalized communities, empowering them with equal opportunities.
  • Foster social harmony and equity.

Global Leadership

  • Strengthen diplomatic ties, foster international collaborations, and be a beacon of peace and cooperation.
  • Lead in global governance forums, shaping policies for a better world.

Strategic Focus Areas

Innovation and Technology

  • Foster a culture of innovation, research, and development.
  • Invest in emerging technologies like AI, biotechnology, and clean energy, making India a global technological hub.
  • Create an ecosystem that supports startups and entrepreneurship.

Education and Skill Development

  • Transform the education system, emphasizing skill-based learning.
  • Bridge the urban-rural education divide, ensuring quality education for every child.
  • Promote lifelong learning and vocational training.

Healthcare Revolution

  • Strengthen healthcare infrastructure, prioritize preventive care, and ensure affordable and accessible healthcare services for all citizens.
  • Promote research and development in the healthcare sector, creating cutting-edge medical solutions.

Agricultural Modernization

  • Implement progressive agricultural reforms, enhancing productivity and farmer income.
  • Promote sustainable farming practices and agri-tech innovations.
  • Ensure food security and reduce rural-urban disparities.

Manufacturing and Trade

  • Promote 'Make in India' initiatives, facilitate ease of doing business, and boost exports.
  • Foster a robust manufacturing sector, driving economic growth and job creation.
  • Encourage small and medium enterprises (SMEs) to thrive and innovate.

Infrastructure and Connectivity

  • Develop world-class transportation networks, invest in sustainable energy, and build smart cities.
  • Enhance connectivity, ensuring seamless movement of goods and people.
  • Prioritize eco-friendly and sustainable infrastructure development.

Implementation Strategies

Public-Private Partnerships

  • Encourage collaboration between the government and the private sector.
  • Leverage private sector expertise and resources for comprehensive development projects.
  • Foster an environment conducive to public-private partnerships.

Policy Reforms

  • Implement progressive policies that foster entrepreneurship, innovation, and investment.
  • Streamline regulations to ensure a conducive business environment.
  • Continuously evaluate and adapt policies to changing needs and challenges.

Skill Development

  • Invest in skill development programs aligned with industry needs.
  • Empower youth with relevant skills, enhancing employability and entrepreneurship.
  • Develop a skilled workforce that can compete on the global stage.

Environmental Conservation

  • Enforce stringent environmental regulations, promoting eco-friendly practices.
  • Incentivize sustainable initiatives, encouraging businesses to adopt green technologies.
  • Support research and innovation for environmental conservation.

Digital Transformation

  • Embrace digitalization across sectors, promoting e-governance, digital education, and healthcare services.
  • Bridge the digital divide, ensuring digital access for all, even in remote and rural areas.
  • Promote cybersecurity and data privacy to build trust in digital services.


  • The 'Viksit Bharat @ 2047' vision document represents an ambitious and comprehensive effort to guide India's development and economic growth over the next few decades. It focuses on multiple sectors, socio-economic development, and aligning state-level visions with the national vision to create a more prosperous and developed India by 2047.

Must Read Articles:

NITI Aayog: https://www.iasgyan.in/daily-current-affairs/niti-aayog-14

1st All India Annual States' Ministers Conference on "Water Vision@2047": https://www.iasgyan.in/daily-current-affairs/1st-all-india-annual-states-ministers-conference-on-water-vision2047


Q. What comprehensive strategies and policies, encompassing economic, social, and technological aspects, should India implement to transform itself into a developed nation, ensuring sustained growth, improved living standards, and global competitiveness?