Archive · 15 Aug 2026
Modi Sets 2047 Targets: 50 Fortune 500 Companies, Top Bank
India's leader, PM Modi, gave a special speech for India's Independence Day.
In the speech, he talked about big goals for India to reach by the year 2047.
One goal is to have 50 Indian companies on a famous list of the world's biggest companies.
Right now, only nine Indian companies are on that list, called the Fortune Global 500.
He also wants an Indian bank to become one of the five biggest banks in the world.
Another goal is to make much more nuclear power, so India can make lots of electricity.
India also wants to teach ten million young people about artificial intelligence, which is how computers learn.
Modi wants India to build more factories that make computer chips, the 'brains' inside phones and computers.
He also wants Indian medicine companies to be among the biggest in the world.
These goals are meant to help India grow strong, self-reliant and successful in the future.
PM Narendra Modi announced numerical development targets for India by 2047 in his Independence Day address from the Red Fort.
India aims to have 50 companies in the Fortune Global 500, up from nine Indian companies in the 2025 ranking.
Modi said an Indian bank should join the world's five largest banks; State Bank of India is currently India's largest lender.
India targets nuclear power capacity of 100 GW by 2047, up from 8.78 GW as of July 31, 2026, with five new reactors planned this decade.
India plans to train one crore young people in AI skills over the next year and add five to eight semiconductor plants in the next seven to eight years.
- Who
- Prime Minister Narendra Modi
- What
- Announced numerical targets for a developed India by 2047, covering Fortune Global 500 companies, a top-five global bank, nuclear power, AI training, semiconductors and pharmaceuticals
- When
- Saturday, in his Independence Day address
- Where
- The Red Fort
- Why
- To transform India into a developed country by 2047
- Speaker
- Prime Minister Narendra Modi
- Occasion
- Independence Day address from the Red Fort
- Fortune Global 500 target
- 50 Indian companies by 2047 (nine in the 2025 ranking)
- Banking target
- An Indian bank among the world's five largest
- Nuclear target
- 100 GW by 2047, from 8.78 GW as of July 31, 2026
- AI training target
- One crore young people trained in AI over the next year
- Semiconductor target
- Five to eight additional plants in 7-8 years; 12 projects approved across six states worth over Rs 1.64 lakh crore
- Pharmaceutical target
- An Indian company among the world's five largest pharma companies
