Mission 2047: India charts road to a developed economy
India is drawing up near, medium and longterm goals in line with its target to become a developed economy by 2047, with a focus on electric mobility, digitisation of payments infrastructure and high-speed expressways, officials said.
All central ministries will soon firm up plans indicating five-year budgetary requirements for better financial management, they said.
Extended producer responsibilities for goods such as cars, recycling centres for electronic waste like cell phones, comprehensive soil surveys, measures to raise farm output, holistic skilling of the country’s youth, speedier production from auctioned mines and extensive assessment of Indian geology, and increased manufacturing output with lower emission intensity are some of the other key areas in focus.
Looking to Boost Job Creation
The overarching goal of both the short-term as well as medium and long-term plans is to lift the country's economic growth and boost job creation, keeping in view social progress, environmental sustainability, and good governance, the official said.
“All ministries are conducting fresh public consultations on both Vision 2047 and the nearer term goals,” a senior government official said.
Some of the measures being identified as part of this plan are likely to be rolled out in the first 100 days of the new government taking charge.
The first inter-ministerial meeting with top officials to help define these goals under this initiative was held in the second fortnight of March 2024, said a government official.
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