ECONOMIC GROWTH AND INDUSTRIAL DEVELOPMENT IN VIKSHIT BHARAT 2047

Abstract

India's vision for 2047, termed Vikshit Bharat, aims to transform the nation into a developed economy through sustained economic growth and robust industrial development. This vision is anchored in strategic policy reforms, technological advancements, and an inclusive growth model that fosters innovation, sustainability, and global competitiveness. As India progresses towards a $30 trillion economy, key drivers such as digital transformation, infrastructure expansion, green energy adoption, and skill development play a pivotal role. The industrial sector, with a focus on manufacturing, automation, and global supply chain integration, is expected to contribute significantly to employment generation and GDP growth. Government initiatives like Make in India 2.0, Production-Linked Incentive (PLI) schemes, and Atmanirbhar Bharat will further enhance self-reliance and attract foreign investments. Moreover, sustainable industrialization through circular economy principles and carbon-neutral practices will ensure environmental balance alongside economic progress.