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India needs $10 trillion GDP to achieve Viksit Bharat 2047

India needs $10 trillion GDP to achieve Viksit Bharat 2047
India must target $10 trillion GDP to truly achieve Viksit Bharat 2047: Report · thehansindia.com

India has a big dream: to become a developed country, called 'Viksit Bharat,' by the year 2047.

A new report says India's economy must grow to at least $10 trillion to make that dream come true.

Right now, India's economy is about $4.5 trillion - the fourth biggest in the world, but still not enough for nearly 1.5 billion people.

The report says India should trade more with other countries and invite more foreign businesses to invest.

But growing the economy alone is not enough - the benefits must also reach poor people.

Young people should be encouraged to become entrepreneurs who create jobs.

Students also need new skills, like learning about artificial intelligence, or AI.

Prime Minister Narendra Modi has promised AI training for one crore, which is 10 million, young people in the next year.

Making healthcare cheaper and better is another important step.

If everyone works together as a team, India can reach its goal by 2047.

Key facts

Target GDP
At least $10 trillion
Current GDP
$4.5 trillion
Economic ranking
World's fourth-largest economy by GDP
Population
Approaching 1.5 billion
Author and publication
Mohan Kumar in The Jerusalem Post
Startup ecosystem
Over 2.5 lakh registered startups and Rs 1 lakh crore Innovation Fund
AI training pledge
AI skill training for one crore youth over the next year
Target year
2047 (Viksit Bharat)

Quotes

Mohan Kumar

Former diplomat and opinion writer

“"While India can be legitimately proud of being the fourth‑largest economy in terms of Gross Domestic Product (GDP) in the world, the fact remains that for a population approaching 1.5 billion, the present GDP of $4.5 trillion is a little below par."”
thehansindia.com
“"India is well positioned to become Viksit Bharat by 2047, but the country needs to be in mission mode, and a whole‑of‑government approach is required to make sure that no stone is left unturned in this national endeavour."”
thehansindia.com

Sources

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