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29 Dec 2025·Source: The Hindu
2 min
EconomyPolity & GovernanceScience & TechnologyNEWS

PM Modi Envisions India as Global Powerhouse by 2047

PM Modi outlines India's ambitious vision for 2047, focusing on youth, economy, and global leadership.

PM Modi Envisions India as Global Powerhouse by 2047

Photo by Nitish Gouda

Prime Minister Narendra Modi expressed strong optimism for India's future, envisioning it as a developed nation and a global powerhouse by 2047. He highlighted the nation's rapid progress, citing India's position as the world's fifth-largest economy and projecting it to become the third-largest by 2028-29. The PM emphasized the role of youth, innovation, and technology, noting the rise of 11 lakh startups and 270 unicorns.

He also mentioned India's G20 presidency as a testament to its growing global influence and stressed the importance of 'Viksit Bharat' and 'Yuva Bharat' initiatives. This vision underscores a strategic push towards economic growth, technological advancement, and a prominent role on the international stage, crucial for understanding India's long-term policy direction.

मुख्य तथ्य

1.

India is currently the world's 5th largest economy

2.

Projected to be the 3rd largest economy by 2028-29

3.

India has 11 lakh startups and 270 unicorns

4.

12 lakh patents registered in the last 9 years

5.

G20 presidency highlighted India's global role

UPSC परीक्षा के दृष्टिकोण

1.

Economic growth and development models

2.

Role of technology and innovation in economic transformation

3.

Human capital development and demographic dividend

4.

India's position in global economic governance (G20)

5.

Government policies and initiatives for achieving long-term goals

दृश्य सामग्री

India's Economic & Innovation Trajectory: Key Metrics (Dec 2025)

This dashboard highlights India's current economic standing and the growth of its innovation ecosystem, crucial for achieving the 'Global Powerhouse by 2047' vision.

Global Economy Rank (Current)
5th LargestStable

India has maintained its position as the world's fifth-largest economy, a significant achievement reflecting robust growth.

Projected Global Economy Rank
3rd LargestUp from 5th

Projected to become the third-largest economy globally by 2028-29, indicating strong growth momentum and potential.

DPIIT Recognized Startups
Over 1.2 Lakh+10% (YoY est.)

The rapid increase in recognized startups underscores India's vibrant entrepreneurial spirit and government support for innovation.

Unicorns (Valuation >$1 Billion)
Approx. 290+7% (YoY est.)

India continues to be a leading hub for unicorns, reflecting a maturing startup ecosystem capable of creating high-value enterprises.

और जानकारी

पृष्ठभूमि

India's economic trajectory since independence has seen various phases, from a mixed economy model to liberalization in 1991, leading to significant growth. The vision of becoming a 'developed nation' by 2047, coinciding with 100 years of independence, builds upon this historical progress and aims for a sustained, inclusive, and high-growth path.

नवीनतम घटनाक्रम

Prime Minister Modi's statement highlights India's current status as the world's fifth-largest economy and its projected rise to the third-largest by 2028-29. Key drivers identified include youth demographic dividend, technological innovation (startups, unicorns), and global engagement (G20 presidency). Initiatives like 'Viksit Bharat' and 'Yuva Bharat' are central to this long-term strategy.

बहुविकल्पीय प्रश्न (MCQ)

1. Consider the following statements regarding India's economic vision and status: 1. India is currently the world's fifth-largest economy by nominal GDP. 2. The vision of becoming a 'developed nation' by 2047 primarily focuses on achieving a per capita income equivalent to high-income economies as defined by the World Bank. 3. The G20 presidency in 2023 was India's first opportunity to host the summit since its inception. Which of the statements given above is/are correct?

उत्तर देखें

सही उत्तर: B

Statement 1 is correct. India is currently the world's fifth-largest economy by nominal GDP. Statement 2 is correct. A 'developed nation' status is generally characterized by high per capita income, advanced industrialization, and high Human Development Index, aligning with World Bank's high-income economy criteria. Statement 3 is incorrect. While India's 2023 G20 presidency was significant, it was not its first opportunity to host; G20 summits are hosted by member countries on a rotational basis, and India had the opportunity to host earlier but did not. The 2023 presidency was indeed India's first time hosting a G20 Leaders' Summit.

2. In the context of India's vision for a 'Viksit Bharat' by 2047, which of the following statements correctly describes the 'Unicorn' status in the startup ecosystem? 1. A Unicorn is a privately held startup company valued at over one billion US dollars. 2. India currently ranks among the top three countries globally in terms of the number of Unicorns. 3. Government initiatives like 'Startup India' primarily focus on providing direct equity funding to Unicorns. Select the correct answer using the code given below:

उत्तर देखें

सही उत्तर: B

Statement 1 is correct. A Unicorn is indeed a privately held startup company with a valuation exceeding one billion US dollars. Statement 2 is correct. India has emerged as one of the leading countries globally in terms of the number of Unicorns, often ranking among the top three alongside the US and China. Statement 3 is incorrect. While 'Startup India' supports the startup ecosystem through various measures like tax exemptions, easier compliance, and a 'Fund of Funds for Startups' which invests in SEBI-registered Alternative Investment Funds (AIFs), its primary focus is not direct equity funding to Unicorns but rather fostering an environment for startups at various stages, including early-stage and growth-stage companies.

3. Consider the following statements regarding the 'Viksit Bharat' initiative: 1. 'Viksit Bharat' aims for India to become a developed nation by 2047, coinciding with 100 years of independence. 2. The initiative places significant emphasis on demographic dividend, infrastructure development, and technological transformation. 3. NITI Aayog plays a crucial role in formulating the long-term strategy and roadmap for achieving the 'Viksit Bharat' goals. Which of the statements given above is/are correct?

उत्तर देखें

सही उत्तर: D

All three statements are correct. Statement 1 is correct, as the vision is explicitly linked to India's centenary of independence. Statement 2 is correct, as the pillars of 'Viksit Bharat' include leveraging the demographic dividend, robust infrastructure, and technological advancement. Statement 3 is correct, as NITI Aayog is the premier think tank of the Government of India, tasked with formulating long-term policies and programs, and has been actively involved in developing the 'Vision India@2047' document and roadmap.

4. Which of the following factors is NOT typically considered a primary characteristic of a 'developed economy' by international financial institutions like the World Bank or IMF? A) High Gross National Income (GNI) per capita B) A predominantly service-based economy with a declining share of agriculture in GDP C) High levels of industrialization and technological advancement D) A large population size and a high absolute GDP

उत्तर देखें

सही उत्तर: D

A, B, and C are all primary characteristics of a developed economy. Developed economies typically have high GNI per capita, a significant share of services and industry in their GDP with a low share of agriculture, and advanced technology. Option D is incorrect because while many developed economies might have a high absolute GDP, a large population size itself is not a criterion for being a 'developed economy'. Countries like Luxembourg or Switzerland are developed despite small populations, while countries like India or China have large populations and high absolute GDPs but are still classified as developing or emerging economies based on per capita income and other development indicators.

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