Important for GS Prelims: Economy
About Viksit Bharat 2047:
Context & Targets
- Vision: Transform India into a developed, self-reliant, high-income nation by 2047 (100 years of Independence).
- GDP Scale: Target national economy of USD 30–40 trillion.
- Per Capita Income: Target range of USD 18,000–21,000.
- Key Targets: Eradication of extreme poverty and net-zero carbon emissions by 2070.
Four Core Pillars (G.Y.A.M. Architecture)
- Yuva (Youth): Skill development (PMKVY), education reform (NEP 2020), and startup promotion (Startup India, MY Bharat).
- Garib (Poor): Universal basic amenities (PM Awas, Jal Jeevan Mission) and financial inclusion via direct benefit transfers.
- Mahilayen (Women): Female-led development through microfinance, SHGs, Mudra loans, and Stand-Up India.
- Annadata (Farmers): Agri-tech adoption (drones, AI), market integration (e-NAM), and crop insurance (PM Fasal Bima).
Key Policy Frameworks
| Initiative | Objective | Key Metric / Target |
| PM Gati Shakti | Multi-modal infrastructure integration across 16+ ministries using GIS mapping. | Cuts logistics costs from ~14% to 8–10%. |
| PLI Scheme | Enhances domestic manufacturing and export competitiveness under Aatmanirbhar Bharat. | Covers electronics, pharma, defense, and textiles. |
| PMVBRY | Direct incentives for formal sector employment creation. | Target creation of 3.5+ crore jobs. |
| Green Hydrogen Mission | Clean energy transition and industrial decarbonization. | Achieves net-zero emissions by 2070. |
Conclusion
Viksit Bharat 2047 serves as a strategic roadmap to transform India into a $30–40 trillion high-income economy grounded in inclusive and self-reliant growth. Achieving this ambitious vision requires seamless policy execution across its core G.Y.A.M. pillars—Garib, Yuva, Annadata, and Mahilayen—to fully unleash the nation’s demographic and technological potential.
| This concept has been elaborately discussed in the following article: India’s Employment Paradox: Structural Shocks and the Gender Gap |