NITI Aayog CEO BVR Subrahmanyam stated at the Vibrant Gujarat Global Summit that 'Viksit Bharat' (Developed India) is not just a dream but a possibility. He projected that, by the most conservative estimates, India will be a USD 30 trillion economy by 2047. Subrahmanyam emphasized that India is in a position to take a quantum leap, and a vision document outlining the path to becoming a developed economy will be released by the Prime Minister by the end of January.
The NITI Aayog CEO highlighted the massive expansion in physical and digital infrastructure in India, stating that the country is outperforming other emerging economies. He underscored the importance of all states achieving development to ensure the nation as a whole becomes 'viksit' (developed).
The vision for 'Viksit Bharat @2047' aims to make India a developed nation by its 100th year of independence. It encompasses various aspects of development, including economic growth, social progress, environmental sustainability, and good governance. Currently, India is the fifth-largest economy globally, with a GDP of around USD 3.4 trillion, and it is projected to grow by 7.3 percent in the current fiscal year.
(With Agency Inputs)
