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VikSit Bharat 2047: Navigating India's Development Odyssey

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  • Kumar, Naveen
  • , xyz

Abstract

India's economic momentum, driven by a burgeoning middle class and progressive regulations, surged by 7.6% in 2023, positioning it to become the world's third-largest economy by 2027. Amid global challenges, India's robust recovery instills optimism, with forecasts envisioning a transition to high-income status, surpassing $30 trillion GDP. Amidst this growth, lies the vision of a ‘Viksit Bharat’ (developed India) by 2047, marking 100 years of independence. Accounting for climate and oil shocks, our projections outline divergent scenarios for achieving high-income status by 2045 or 2080, underscoring the imperative of sustained development efforts for a prosperous Bharat.

Suggested Citation

  • Kumar, Naveen & , xyz, 2024. "VikSit Bharat 2047: Navigating India's Development Odyssey," SocArXiv 7ac4e, Center for Open Science.
    • Handle: RePEc:osf:socarx:7ac4e
    DOI: 10.31219/osf.io/7ac4e
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