Vision document being prepared for India to become $30 trillion economy by 2047: BVR Subrahmanyam
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NITI Aayog CEO BVR Subrahmanyam has said a vision document is being prepared for India to become a developed economy of about $30 trillion by 2047. The vision document will outline the institutional and structural changes/ reforms that will be needed for the country to become a developed nation by 2047.
He stated the draft Vision India 2047 will be ready by December 2023 and it will be presented before the country in the next three months. According to him, the vision document will also identify sectors, technologies where India can be a world leader/ global champion.
He mentioned ‘A vision plan is being prepared for India to become a developed economy of about $30 trillion ($29.2 trillion) by 2047... the whole purpose of the vision document is to avoid the middle-income trap.’ He also said ‘We are worried about the middle-income trap... India has to cut through the poverty thing and middle-income trap.’
