In the Interim Budget 2024, Finance Minister Nirmala Sitharaman stated Prime Minister (PM) Narendra Modi’s vision for Viksit Bharat by 2047. In her Interim Budget 2024 speech, she mentioned that the government is working towards development that is all-pervasive, all-round and all-inclusive. The government will focus on 4 major groups, namely ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth) and ‘Annadata’ (Farmer).
The comprehensive roadmap for achieving Viksit Bharat or Developed India was laid down in the full Budget 24-25. In Budget 2024-25, Finance Minister Nirmala Sitharaman envisaged sustained efforts on the following 9 priorities for generating ample opportunities in line with the strategy set out in the interim budget to achieve Viksit Bharat 2047:
Read on to know more about Viksit Bharat, its vision, purpose and different aspects.
The term ‘Viksit Bharat’ means ‘Developed India’. Viksit Bharat 2047 represents the government’s vision to transform the county into a developed entity by its 100th independence in 2047. The four pillars of Viksit Bharat are Yuva (Youth), Garib (Poor), Mahilayen (Women) and Annadata (Farmers).
The Finance Minister made the following announcements in the Budget 2024 to achieve the goal of Viksit Bharat 2047:
The government will formulate a plan, Purvodaya, for the all-round development of the eastern region of India, covering Jharkhand, Bihar, Odisha, West Bengal and Andhra Pradesh. This will cover infrastructure, human resource development, and the generation of economic opportunities to make the region an engine to attain Viksit Bharat.
Nuclear energy is expected to be a very significant part of Viksit Bharat. Towards that pursuit, the government will partner with the private sector to set up Bharat Small Reactors, research and development of Bharat Small Modular Reactor, and research and development of newer technologies for nuclear energy.
The vision of Viksit Bharat is that of a prosperous Bharat in harmony with modern infrastructure and nature and giving opportunities for all citizens of all regions to reach their potential.
The Finance Minister, in her Budget 2024 speech, stated that many development and growth-enabling reforms are needed in the states to realise Viksit Bharat's vision. Thus, a provision of Rs.1.5 lakh crore as a long-term interest-free loan is proposed to the state governments to support their resource allocation for infrastructural developments. Helping MSMEs grow and compete will also be a part of the Viksit Bharat roadmap.
On 11 December 2023, the PM launched ‘Viksit Bharat @2047: Voice of Youth’ via video conferencing. At the launch, he highlighted the role of educational institutions in an individual’s personality development and stated that a nation becomes developed only when there is development of its people. He also underlined the need to channel the energy of every university’s students and youth towards achieving the common goal of Viksit Bharat.
The Viksit Bharat @2047: Voice of Youth was launched to realise the vision of Viksit Bharat, which demands a firm belief in India’s destiny, unwavering dedication and a profound recognition of the people’s vast potential capabilities and talent, particularly the youth.
The PM also extended an invitation to the youth to engage in the transformative agenda through the youth movement known as ‘Ideas from Youth for Viksit Bharat@2047’. He urged everyone to go beyond their limits and contribute their ideas to the vision of Viksit Bharat@2047.
The PM suggested running special campaigns in every university and college in India to connect more youth with this campaign. Subsequently, the government launched the ‘Ideas Portal’ related to Viksit Bharat to provide suggestions on five different themes.
The government will form a high-powered committee to extensively consider the challenges arising from quick population growth and demographic changes. This committee will make recommendations to address these challenges comprehensively relating to the goal of Viksit Bharat.
Viksit Bharat 2047 is the vision to transform India into a developed nation by 2047, the 100th year of independence. This vision encompasses various facets of development, such as economic growth, environmental sustainability, social progress and good governance, to make India a developed nation by 2047.
Below provided is what the different aspects of Viksit Bharat should look like in 2047:
Economic Growth: A Viksit Bharat should have a resilient and strong economy that can provide opportunities and a high standard of living for all its citizens. The economy should be able to cope with the challenges of the 21st century based on entrepreneurship, innovation and competitiveness.
Environmental Sustainability: A Viksit Bharat should have a clean and green environment to preserve India’s biodiversity and natural resources. The environment should be able to mitigate the impacts of climate change based on restoration, conservation and resilience.
Social Progress: A Viksit Bharat should have an inclusive and harmonious society that ensures the dignity and well-being of all its citizens. Society should be able to celebrate and respect India’s cultural heritage based on justice, equality and diversity.
Good Governance: A Viksit Bharat should have an agile governance with sound policies and accountability. A good governance system is where there is provision to collect credible data, analyse areas for correction and act swiftly to improve the country based on teamwork, reflection, empathy and consultation.
A dedicated web page has been established to give ideas and suggestions for achieving the visions of Viksit Bharat 2047 of shaping a developed India by 2047. The process for registration and providing suggestions and ideas to achieve the goal of Viksit Bharat are as follows:
Viksit Bharat 2047 aims to make India a developed nation with economic growth, environmental sustainability, social progress and good governance. Any individual can propose his/her ideas for developing India and achieving the vision of a developed nation or Vikist Bharat by 2047 on the MyGov portal.
In the Interim Budget 2024, Finance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for 2047. The government's focus is on groups like the poor, women, youth, and farmers. Initiatives include a plan for the eastern region, nuclear energy development, and engaging the youth. A high-powered committee will address challenges posed by population growth. The vision for Viksit Bharat in 2047 includes economic growth, environmental sustainability, social progress, and good governance.