The Viksit Bharat initiative, promoted by the Indian government, has set an ambitious goal of transforming the country into a developed economy by 2047, the 100th year of its independence. At the core of this vision lies the target of reaching a $5 trillion economy by 2028. Viksit Bharat prioritizes inclusive growth and social welfare to ensure that the benefits of economic progress are shared by all citizens. The government has launched several landmark initiatives, such as Ayushman Bharat, Swachh Bharat Abhiyan, Beti Bachao Beti Padhao, and Pradhan Mantri Jan Dhan Yojana, which establish a strong allegiance to enhancing healthcare, financial inclusion, gender parity, and sanitation. The underlying objective is to build a more equitable society where everyone can prosper.
Technological transformation and homegrown manufacturing are also key pillars of the Viksit Bharat vision. The “Make in India” and “Digital India” programs are designed to boost domestic production, create employment opportunities, and leverage the power of digital technologies to drive economic growth. The government’s support for the startup ecosystem is significant, as it holds the potential to unleash a wave of innovation and entrepreneurship. Underpinning this ambitious vision focuses on fiscal tactfulness and strategic infrastructure investment. The government has significantly increased its capital expenditure cost to crowd in private investment and lay the foundation for sustainable economic expansion. This commitment to building potent physical and digital infrastructure is crucial for enhancing productivity and paving the way for India’s transformation into a $5 trillion economy. The Viksit Bharat initiative represents a holistic strategy for development that balances economic growth with social inclusion, technological advancement, and fiscal responsibility. While the challenges ahead are undoubtedly challenging, the vision and determination exhibited by the government have instilled a sense of optimism and a belief that India can indeed realize its full potential as a global economic powerhouse. By investing in key sectors such as transportation, energy, and information technology, the government aims to create a strong foundation for sustainable growth and prosperity. The success of the Viksit Bharat initiative will not only benefit the current generation but also lay the groundwork for future generations to thrive in a competitive global economy. As the government continues to implement its ambitious plans, it will be crucial to
address issues such as infrastructure development, skill enhancement, and regulatory reforms to ensure the success of Viksit Bharat. With a strategic focus on innovation and efficiency, India has the potential to emerge as a leading player in the global market and improve the quality of life for its citizens. By instilling a culture of entrepreneurship and investment in key sectors, Viksit Bharat can drive job creation and economic diversification. Through collaboration with industry stakeholders and leveraging technological advancements, India can position itself as a hub for innovation and sustainable growth in the years to come. As Narendra Modi Ji Says ”Today, every institution and every individual should move with a resolution that every effort and act will be for Viksit Bharat. The aim of your goals, your resolutions should be only one – Developed India”.-PM Narendra Modi, At the launch of Viksit Bharat @2047: Voice of Youth.’
By Soujanya Nadella