India's Economic Vision for 2047

What is the target average income per person for India by 2047?

What is the current size of India's economy that needs to grow to achieve the USD 30 trillion goal?

How long does the report suggest India needs to maintain a 7-10% annual growth rate to transition from middle-income to high-income?

According to the report, what is one of the crucial challenges for India to achieve high income status?

What does 'Vikshit Bharat' signify in the context of this economic vision?

What must India do to turn its agricultural workforce into a strong industrial workforce?

Which organization has laid out the Vision for a Viksit Bharat?

What does India aim to address to ensure its economic aspirations are met?

Target average income per person for India by 2047?

Current size of India's economy?

How long to transition to high-income?

Crucial challenge for India?

What does 'Vikshit Bharat' signify?

How to strengthen India's industrial workforce?

Organization behind Vision for Viksit Bharat?

What does India aim to address for its economic aspirations?

India targets a USD 30 trillion economy by 2047, coinciding with the 100th anniversary of independence.
The plan is outlined in ‘Vision for Viksit Bharat @ 2047’ by NITI Aayog.
Average income per person is set to rise from USD 2,392 to USD 18,000 annually.

An increase from the current USD 3.36 trillion economy to USD 30 trillion demands a ninefold growth.
Transitioning from middle-income to high-income status requires consistent annual growth rates of 7-10% for 20-30 years.
Only a few nations have successfully sustained such high growth rates.

Vikshit Bharat embodies a high-income nation with advanced social, cultural, technological, and institutional characteristics.
High-income country criteria set by the World Bank define this as having an annual income per person exceeding USD 14,005 as of 2023.

Essential improvements in manufacturing and logistics capabilities are necessary.
Addressing the income disparity between rural and urban populations is crucial.
Development aims to transform the agricultural workforce into a robust industrial workforce.

Achieving the ambitious vision necessitates widespread participation beyond just government efforts.
The 21st century is positioned as potentially India's century, hinging on energy security, accessibility, affordability, and sustainability.