India’s vision of becoming a developed nation by 2047 holds much promise. How does Finance Minister Nirmala Sitharaman tie it in with a sharp rise in the living standard for every Indian by then? She stresses that when India reaches 100th year of independence in (2047), it will possess the basic nature of a developed nation: profound wealth, incredible facilities and tranquillity for all.
In the image of 2047 that Nirmala Sitharaman paints for India, she wants growth to feature based on its mass potential.She has in mind an India that is strong in economy, secure in society and competitive abroad. Here fruits of success are enjoyed by everybody–the end result will be an extremely well-off society for all of its citizens.The purpose is that everyone in India will be able to enjoy the kind of amenities and services enjoyed by the citizens of the present-day advanced countries.It means better healthcare, education and housing as well as employment opportunities–all of this will lift both the physical and social condition in which ordinary people live.
The Growth Drivers
This change will be driven by several key initiatives. To begin with, the focus of the government is on accelerating infrastructure development. Today, the country is shaped by an expansive network of roads and highways, railways, airports and now with the focus on developing smart cities across India even the remotest areas are being connected to fit into a larger vision that unfolds over decades. This is important in terms of taking economic activities to every part of the country, promoting regional development and bridging regional disparities
Secondly, India is really focused on innovation and technology. Government has already started its move and coined Digital India,at the same time getting the internet to each and every part of urban and rural areas. In that same view, in 2047 it is believed that technology would have become integrated into everyday life significantly more, transforming percentage efforts to a focus on Agriculture, Manufacturing and Services sectors and making life easier for all citizens.
Empowerment of the Common Man
She also underlined socioeconomic empowerment. The government is planning to ensure that everyone doesn’t just stop creating wealth but creates no less, or not least in different strata of society. These are of similar nature as financial inclusion programs like Jan Dhan Yojana, which facilitated millions of Indians to make bank accounts and the push for small businesses through Make in India, Startup India etc.
In 2047, the common man will have good wages and work in a more entrepreneurial setting. Enhanced female entrepreneurship and workforce participation mean that women will have a greater role in the economy.
Bridging the Social Gap
The exponential leap that India has taken toward development is also kind of mingled with tackling social disparities. The minister said she has a vision in which social infrastructure, especially health and education, is improved. Ayushman Bharat and free education schemes are formulated to give a means of market-like services even to the poor, which may not have access. The finance minister said that the government envisions that by 2047 every Indian will have access to quality healthcare and education signalling a more skilled and healthy population.
Durable and Sustainable practice is our Core Principle
With India embracing modernity, the realisation of govt for the need of sustainability. Sitharaman has more than once underscored the significance of green development and India hopes to be among global front-runners in sustainable growth by 2047. Green investment, carbon footprint and environmental protection are guaranteed to compromise nothing on the environment side of economic growth.