Viksit Bharat @2047

Viksit Bharat @2047 ("Developed India by 2047") is a Government of India vision and policy framework aiming to make India a developed country with a US$ 29 trillion economy by 2047, the centenary year of Indian independence. Coordinated primarily by NITI Aayog, the initiative includes planning documents, sectoral targets, and outreach campaigns. The initiative has received mixed reactions among scholars, with some calling it a realisable target and others doubting the vision.

Origin

The Indian Prime Minister Narendra Modi first articulated the concept in his address to the nation on 15 August 2022, India's 76th Independence Day.

Goals and targets

The government's stated target, stated in NITI Aayog's working paper "Strategic Imperatives for Viksit Bharat @2047", is to make India a $30 trillion economy by 2047, which translates to about US$ 18,000 per capita. The World Bank classifies a country as high-income if its per capita income is over US$13,395. According to the Bank, India's per capita GDP in current US$ is 2,702.5, compared to US$ 5,066 for Vietnam and US$13,862 for China.

Focus areas

NITI Aayog's strategic paper highlights four broader policy areas for Viksit Bharat @2047; these are:

  1. economic competitiveness and growth,
  2. national security and stability,
  3. global partnerships and strategic influence, and
  4. legal and governance reform.

Reception

The 16th Finance Commission Chairman, Arvind Panagariya, has stated that achieving a per capita income of US$ 14,000 is a "realisable ambition" if the country achieves 7.9% annual GDP growth in per capita income in US$ terms. Others have raised doubts, most notably Infosys co-founder N. R. Narayana Murthy, who has criticised governance gaps, using the lack of a viable solution to basic governance issues, such as Delhi's air pollution. A former Secretary to the Government of India noted that "all indications point to the fact that Viksit Bharat 2047" will likely be with scattered development of enclaves rather than growth dividends spreading across all sections."

Recent developments

On 15 August 2026, Modi reaffirmed his government's commitment to Viksit Bharat and announced a "Saptdhara" plan to achieve it while describing it as India's long-term national objective.

References

  1. 1 2 Narayanan, K; Sengupta, Darpajit (1 April 2025). "India's Path to Global Leadership: Strategic Imperatives for Viksit Bharat @2047" (PDF). NITI Aayog. Retrieved 25 August 2026.
  2. ↑ Ghosh, Nilanjan (14 August 2025). "Beyond Midnight's Promise: Is "Inclusive Wealth" the pathway to Viksit Bharat@2047?". Observer Research Foundation. Retrieved 25 August 2026.
  3. ↑ Bhatia, Ruchi; Roy, Anup (24 April 2024). "Modi Is $20 Trillion Short on His Grand Plan for India's Economy". Bloomberg. Retrieved 25 August 2026.
  4. ↑ Jha, Suman K (26 September 2025). ""Viksit Bharat: India Working On $30 Trillion Economy Target By 2047"". Businessworld. Retrieved 25 August 2026.
  5. ↑ Metreau, Eric; Young, Kathryn Elizabeth; Eapen, Shwetha Grace (1 July 2025). "Understanding country income: World Bank Group income classifications for FY26 (July 1, 2025–June, 2026)". World Bank Blogs. Retrieved 26 August 2026.
  6. ↑ "GDP per capita (current US$) - India". World Bank. Retrieved 26 August 2026.
  7. ↑ "Viksit Bharat'2047 a Realisable Ambition, Per Capita Income Needs to Grow at 7.3%: Panagariya". Outlook Business. 1 March 2025. Retrieved 26 August 2026.
  8. ↑ Singh, Lakhvinder (7 December 2024). "The idea of Viksit Bharat is facing huge challenges". The Tribune. Retrieved 26 August 2026.
  9. ↑ Mohanty, Satya N (21 August 2026). "There Will Be No Viksit Bharat With Policies Like These". The Wire. Retrieved 26 August 2026.
  10. ↑ "What is PM Modi's 'Saptadhara' plan to achieve Viksit Bharat: Explained". Hindustan Times. 15 August 2026. Retrieved 26 August 2026.