India has announced an optimistic goal to become a $35 trillion economy by the year 2047, the year of the centenary celebration of independence. This illustrates the nation’s commitment to have continued economic growth and innovation. The Mumbai Tech Week saw Kant say that India must have an annual growth rate of 9-10 per cent for the next thirty years if it has to fulfill its aim.
#WATCH | Delhi: At the BJP National Convention 2024, PM Narendra Modi says, “It took almost 60 years for India to become 1 trillion dollar economy. In 2014, when the country gave us an opportunity, 2 trillion mark also looked difficult but in 10 years we added an extra 2 trillion… pic.twitter.com/CsFgVh5Xfp
— ANI (@ANI) February 18, 2024
Innovation disruption and entrepreneurship-friendly environment are the major strategic characteristics of this economic indicator. India is the fifth largest global economy today but it will move ahead of Japan and Germany and be the third one in 2027. India gets the creating power in the world stage by innovation and technology that is main of the factors of its thriving.
Kant emphasized digital country leapfrogging and lay the foundation for identification of 1.4 billion citizens. The liberal stance of the government on startups in various sectors gives the young people a background they can use to innovate and grow their businesses in health, logistics, education and AI.
Thus, India’s demographic dividend plays an important role in its economic ambitions. The national average age of 29 and is expected to reach 33 in 2047, the country has a young and vibrant workforce. Kant emphasized India’s potential to be 31% of the world’s skilled workforce and, thus a labour market player globally.
The central theme of growth at scale, utilizing technological advancements gives the necessary direction for the economic development of India. The $35 trillion economy goal of the country reinforces a growth strategy that is transformative, energized by the youthful dynamism, tech breakthroughs, and strategic policy interventions.
While the country is preparing for the ambitious journey, it continues to create a conductive environment for disruptive innovation, supports startups, and utilizes the talents of its educated workforce. The vision for 2047 places India to the position not only of an economic giant but also as the global centre of innovation and technological advancement.
India has announced an optimistic goal to become a $35 trillion economy by the year 2047, the year of the centenary celebration of independence. This illustrates the nation’s commitment to have continued economic growth and innovation. The Mumbai Tech Week saw Kant say that India must have an annual growth rate of 9-10 per cent for the next thirty years if it has to fulfill its aim.
#WATCH | Delhi: At the BJP National Convention 2024, PM Narendra Modi says, “It took almost 60 years for India to become 1 trillion dollar economy. In 2014, when the country gave us an opportunity, 2 trillion mark also looked difficult but in 10 years we added an extra 2 trillion… pic.twitter.com/CsFgVh5Xfp
— ANI (@ANI) February 18, 2024
Innovation disruption and entrepreneurship-friendly environment are the major strategic characteristics of this economic indicator. India is the fifth largest global economy today but it will move ahead of Japan and Germany and be the third one in 2027. India gets the creating power in the world stage by innovation and technology that is main of the factors of its thriving.
Kant emphasized digital country leapfrogging and lay the foundation for identification of 1.4 billion citizens. The liberal stance of the government on startups in various sectors gives the young people a background they can use to innovate and grow their businesses in health, logistics, education and AI.
Thus, India’s demographic dividend plays an important role in its economic ambitions. The national average age of 29 and is expected to reach 33 in 2047, the country has a young and vibrant workforce. Kant emphasized India’s potential to be 31% of the world’s skilled workforce and, thus a labour market player globally.
The central theme of growth at scale, utilizing technological advancements gives the necessary direction for the economic development of India. The $35 trillion economy goal of the country reinforces a growth strategy that is transformative, energized by the youthful dynamism, tech breakthroughs, and strategic policy interventions.
While the country is preparing for the ambitious journey, it continues to create a conductive environment for disruptive innovation, supports startups, and utilizes the talents of its educated workforce. The vision for 2047 places India to the position not only of an economic giant but also as the global centre of innovation and technological advancement.