It gives us immense pleasure to welcome you to this simulation of AIPPM at BVJMUN
2022. We look forward to an enriching and rewarding experience. The agenda for the session being
“Deliberation on the Vision of Viksit Bharat @2047”
This study guide is by no means the end of research, we would very much appreciate if the members are able to find new realms in the agenda and bring it forth in the committee. Such research combined with good argumentation and a solid representation of facts is what makes an excellent performance. In the session, the executive board will encourage you to speak as much as possible, as fluency, diction or oratory skills have very little importance as opposed to the content you deliver. So just research and speak and you are bound to make a lot of sense. We are certain that we will be learning from you immensely and we also hope that you all will have an equally enriching experience. In case of any queries feel free to contact us. We will try our best to answer the questions to the best of our abilities.
We look forward to an exciting and interesting committee, which should certainly be helped by the all-pervasive nature of the issue. Hopefully we, as members of the Executive Board, do also have a chance to gain from being a part of this committee. Please do not hesitate to contact us regarding any doubts that you may have.
Vision India@2047(Viksit Bharat@2047) is a project initiated by the
NITI Aayog, the apex policy think tank of India, to create a blueprint for India’s development in the next 25 years. The project aims to make India a global leader in innovation and technology, a model of human development and social welfare, and a champion of environmental sustainability. In his 2021 Independence Day speech, the Hon‟ble Prime Minister shared his vision for Amrit Kaal and 2047, when the country would celebrate 100 years of independence. To achieve these goals, he gave the slogan, “Sabka Saath, Sabka Vikas, Sabka Vishwas, and SabkaPrayas.” The Hon'ble Prime Minister, in his 2022 Independence Day speech, mentioned how the entire country celebrated Azadi Ka Amrit Mahotsav and shared Panch Pran of Amrit Kaal (Goal of developed India), to remove any trace of the colonial mindset, take pride in our roots, unity and a sense of duty among citizens. He urged the citizens to nurture new possibilities, realize new resolutions and move ahead with confidence. He also underlined the need of collective efforts and teamwork to take the country forward. Vision 2047 The Union Finance Minister, in her Union Budget FY 2022-2023 speech, shared that during the Amrit Kaal (India from 75 to India at 100), the government aims to : • Complement the macro-economic level growth focus with a micro-economic level all-inclusive welfare focus. • Promote digital economy & fintech, technology-enabled development, energy transition, and climate action. • Rely on virtuous cycle starting from private investment with public capital investment helping to crowd-in private investment. Elaborating more on the goals for 2047, the Union budget for 2023-2024, the first budget in the Amrit Kaal, envisioned India as a technology-driven and knowledge-based economy with strong public finances and a robust financial sector. It reemphasised that Jan Bhagidari through Sabka Saath, Sabka Prayas is essential and delineated the Saptarishi principles: Inclusive Development. The vision @ 2047 certainly aims at 1. Achieving a USD 30 trillion economy with a per-capita income of USD 18,000-20,000 and strong public finances and a robust financial sector. 2. Building world-class infrastructure and facilities in both rural and urban areas. • Eliminating unnecessary interference by the government in the lives of citizens and promoting digital economy and governance. 3. Developing 3-4 global champions in every sector by merger or restructuring and boosting indigenous industry and innovation. 4. Becoming self-reliant in defence and space sectors and enhancing India‟s role in the world. 5. Fostering green growth and climate action by increasing renewable energy capacity and reducing carbon emissions. 6. Empowering the youth with skills and education and creating more employment opportunities. 7. Partnering with foreign R&D organizations to build top 10 labs in the country and bringing at least 10 Indian institutions among the top 100 globally. HISTORICAL CONTEXT 1. Independence Centenary: o Viksit Bharat 2047 coincides with India’s centenary celebrations of independence. In 1947, India gained freedom from British colonial rule after a long and arduous struggle led by visionaries like Mahatma Gandhi, Jawaharlal Nehru, and Sardar Patel. o The sacrifices made during the freedom movement laid the foundation for an independent India. Leaders envisioned a nation that would thrive economically, socially, and culturally. 2. Post-Independence Challenges: o After independence, India faced significant challenges such as poverty, illiteracy, and social inequality. o The country embarked on a journey to build a democratic, secular, and inclusive society. 3. Development Trajectory: o Over the decades, India made progress in various fields, including agriculture, industry, and technology. o However, disparities persisted, hindering the realization of the full potential of its vast population. 4. Vision for 2047: o Viksit Bharat 2047 emerged as a visionary concept to propel India into a fully developed nation by its 100th year of independence. o It symbolizes hope, determination, and the collective aspiration to overcome challenges and achieve prosperity. ASPECTS OF VIKSIT BHARAT 1. Structural transformation: This refers to the shift of resources from low-productivity sectors (such as agriculture) to high-productivity sectors (such as manufacturing and services). This can boost economic growth, create jobs, and reduce poverty. 2. Organising labour markets: This involves improving the quality and quantity of labour supply, enhancing the skills and employability of workers, and ensuring fair and efficient labour regulations. This can increase labour productivity, reduce informality, and promote social protection. 3. Increasing competitiveness: This entails enhancing the efficiency and innovation of firms, improving the quality and diversity of products and services, and expanding the domestic and international markets. This can foster economic dynamism, increase exports, and attract investments. 4. Improving financial and social inclusion: This implies expanding the access and affordability of financial services and social welfare schemes for the poor and marginalised groups. This can improve their income, savings, and consumption, as well as their health, education, and empowerment. 5. Governance reforms: This involves strengthening the institutions and processes of governance, such as the rule of law, accountability, transparency, and participation. This can improve the delivery of public goods and services, reduce corruption, and enhance trust and legitimacy. 6. Seizing opportunities in the Green Revolution: This refers to adopting and promoting green technologies and practices, such as renewable energy, energy efficiency, and climate resilience. This can reduce greenhouse gas emissions, mitigate environmental degradation, and create new opportunities for growth and development. India: Roadmap for 2047 Marching forward with Hon'ble Prime Minister Shri Narendra Modi‟s vision to make India a developed Nation by 2047, the Government is deliberating on the preparation of the Action Plan and Vision Document of India@2047. The Government of India is in the process of finalising a national vision plan to make India a developed nation by 2047 and ensure that the country doesn‟t slip into a middle-income trap that several countries have fallen into at similar stages of development. Prime Minister Narendra Modi is expected to unveil the plan once its ready. The plan would includes an outline of reforms and outcomes to be achieved by 2030, along with structural changes in governance that will be critical to make India a $30 trillion economy by 2047 with a per- capita income of $18,000-20,000. The NITI Aayog is giving finishing touches to the plan called „Vision India@2047‟ that has been in the works for almost two years and was presented to Cabinet Secretary Rajiv Gauba in October 2023. In November 2023, meetings were held with various stakeholders and think tanks such as Tim Cook, Sundar Pichai, Gautam Adani, Mukesh Ambani, K.M. Birla, N. Chandrasekharan and Indra Nooyi, for their insights. According to NITI Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam “By December, we will have the draft version of the plan ready, and several States are also in the process of preparing their own road maps.” The national plan also seeks to address regional cleavages in economic development and reforms of government processes. While India‟s share of the global GDP has tripled from 1.1% in 1991 to 3.5% in 2023 and it has become the world‟s fifth largest economy, none of the world‟s largest banks, contractors, legal, consultancy or accountancy firms are from India. With vision@2047 India through its varied firms is aiming to dominate parts of these landscape. India is the world‟s largest IT sector in terms of exports but still awaits to become the biggest software developer. The „Vision India@2047‟ document also explores which sectors and companies can be pushed to become global champions besides focusing on developing the skill sets that India‟s young population need to meet global needs. Developments so far Working on its inclusive sustainable model of growth, the government has taken several steps, like focusing on women's development, health, education, skill development, science and technology advancement, infrastructure creation, employment, agriculture, increasing manufacturing, industrial production, innovation, boosting indigenous industry etc. Keeping in mind the impact of climate change, special focus will be given to green growth as per the Panchamrit policy. The government is committed to increasing its non-fossil energy capacity to 500 GW by 2030; meeting 50% of its energy requirements from renewable energy by 2030; reducing the total projected. carbon emissions by one billion tonnes by 2030; reducing the carbon intensity of its economy by less than 45%; achieving the target of Net Zero by 2070. The government is already implementing various programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors. Similarly, the Government is also focussing on critical and emerging technologies like blockchain, Artificial Intelligence (AI), Internet of Things (IoT) etc. To boost the economy, employment, innovation and industrial output, various policies on skill development, ease of doing business, and schemes like PM Gati-Shakti, Production Linked Incentive (PLI) Schemes are already in place. Similarly, the Competitiveness Roadmap for India@100 emphasises productivity as a driver of sustained prosperity through sector-specific and region-specific policies based on the „4 S‟ principles (Social, Solid, Sustainable, and Shared). The 4S principles stress the need for prosperity growth to be matched by social progress, to be shared across all regions within India, to be environmentally sustainable, and to be solid in the face of external shocks. CONCLUSION India is well on the path to becoming the second largest economy in the world by 2047. Hon‟ble Commerce and Industries Minister has also predicted that by 2047 India will be a global powerhouse with the size of economy around $ 35 trillion. Country‟s demographic dividend, prospering middle class, expanding digital economy, and sustainability-focused economy are going to act as pillars of strength in successfully attaining our vision for 2047. However, the country needs to be conscious of impending challenges like middle income trap, gradually ageing population, requirement of maintaining higher growth rate, geopolitical issues, among others which traversing ahead to realise the vision@2047 in its holistic sense. The seeds that our nation sows today will define the fruits reaped in future. To achieve the above-mentioned transformational objectives of Viksit Bharat envisioned for 2047, the country must continue to focus on “Sabka Saath, Sabka Vikas, Sabka Vishwas, and Sabka Prayas.” REFERENCES -: India@2047 - PwC India
India Vision 2036-37 A Macro Econometric Approach.pdf (niti.gov.in)
The Vision India@2047: India to become $30-trillion economy by 2047 (vajiramandravi.com)
