New Delhi: Finance Minister Nirmala Sitharaman underscored the pivotal position of the Indian business in reaching the formidable objective of ‘Viksit Bharat’ by 2047, highlighting the nation’s journey in direction of changing into the third-largest economic system on the planet. Addressing the ‘FICCI Viksit Bharat@2047’ conclave, the finance minister emphasised the historic position of the business in India’s improvement and its essential contribution in direction of financial independence.
“India has now change into the fifth largest economic system of the world and is on the trail to change into the third largest economic system,” Sitharaman acknowledged, reaffirming the federal government’s dedication to proceed with reforms for financial progress. She pinpointed sectors akin to EVs, House, AI, warehousing, logistics, and inexperienced hydrogen as areas for innovation, investments, and coverage reforms.
The finance minister additionally highlighted the importance of digital infrastructure in reaching the objective of a developed India by 2047, urging the business to leverage alternatives for enlargement and worldwide joint ventures. “Indian business can now certainly transfer ahead with nice pace,” Sitharaman added, indicating the huge potential for progress and improvement.
Echoing the finance minister’s sentiments, Anurag Thakur, minister of data & broadcasting and sports activities & youth affairs, expressed confidence in reaching ‘Viksit Bharat’ properly earlier than the 2047 timeline. “Now we have moved from being a part of the Fragile 5 economies to changing into the fifth-largest economic system on the planet,” Thakur stated, highlighting the progress made over the past decade.
Anish Shah, President, FICCI, outlined the deal with inclusive progress and the significance of capital expenditure by the federal government, which has set a robust basis for the economic system. Shah urged the non-public sector to construct on this basis to additional propel India in direction of its objective of changing into a developed nation.
