INSUBCONTINENT EXCLUSIVE:
NITI Aayog 9th general council meeting (Photo: ANI)3 min read Last Updated : Jul 27 2024 | 8:43 PM IST
India needs to grow at a sustained
pace of 7-10 per cent for 20-30 years to escape the middle-income trap and become a developed nation with a per capita income of $18,000 per
annum and the size of a $30 trillion economy by 2047 when the country celebrates its centenary anniversary of independence, the NITI Aayog
(National Institution for Transforming India) said in an approach paper summarising its vision for 'Viksit Bharat'.
"The GDP would have to
government's think tank said after its 9th Governing Council meeting attended by chief ministers and lieutenant governors.
The NITI Aayog
defines 'Viksit Bharat' as a Bharat which will have all the attributes of a developed country with a per capita income that is comparable to
the high-income countries of the world today
heritage and one that is capable of functioning at the frontiers of knowledge
Minister Narendra Modi in his address to the governing council of NITI Aayog said, "India is a youthful country
It is a huge attraction for the entire world because of its workforce
We should aim to make our youth a skilled and employable workforce
Emphasis on skill, research, innovation and job-based knowledge is necessary for making 'Viksit Bharat'."
On the demographic front, the
Using this dividend well, we can propel India into a 'Viksit Bharat'
We are already a talent hub with the largest number of STEM graduates in the world - over 2 million every year, approximately 43 per cent of
We also have the 3rd biggest startup ecosystem in the world
said India can aim for raising the average life expectancy to around 84 years, which is the best in the world
Being a youthful nation, the working-age population would be around 1.12 billion, making it the single largest workforce of any nation in
manufacturing, logistics and R-D; achieving balance between energy 'security', 'access', 'affordability', and 'sustainability'; improving
the competitiveness of India's industry, particularly in logistics and in cost of power; and bridging the gap between rural and urban
incomes and promoting balanced regional development that need to be addressed.First Published: Jul 27 2024 | 8:43 PMIST
