States' Economic Potential: A Focus on Growth and Prosperity
2 months ago

States' Economic Potential: A Focus on Growth and Prosperity

New Indian Express  

NITI Aayog emphasizes the crucial role of states in achieving Viksit Bharat by 2047. The focus will be on accelerating economic growth at the state level to achieve this goal. The states with the largest economies, such as Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, and Delhi, will be prioritized in economic policy strategies.

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India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India
3 weeks ago

India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India

Live Mint  

New Delhi, December 2 : A recent report by EY India says enhanced government spending is vital for India's Viksit Bharat vision. It says achieving developed economy status requires 7 per cent plus sustained GDP growth and a robust fiscal framework. This requires a significant increase in the government's total expenditure to 35 per cent of GDP from the current …

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads
1 month ago

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads

India Today  

Maharashtra, India's most prosperous and second most populous state, has been a marvel that has often defied the conventional tale of modern development. In 1947, at the time of India’s independence, the regions of West Bengal, Maharashtra, and Tamil Nadu led much of India's economic activity as large British presidencies. On the human capital front, the state traditionally possessed strong …

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant
3 months, 1 week ago

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant

News 18  

India will be driving 20 per cent of the world’s economic growth in the next decade as it continues its march to become the third largest economy globally, according to G20 Sherpa Amitabh Kant. The country will be driving 20 per cent of the world’s economic growth in the next decade, he added. “If India is to grow at 9-10 …

India at 78: A Nation on the Rise, with ‘Viksit Bharat’ in Sight
4 months, 1 week ago

India at 78: A Nation on the Rise, with ‘Viksit Bharat’ in Sight

News 18  

India celebrated its 78th Independence Day on Thursday across the country. These celebrations were not only commemorations of the country’s freedom from British colonial rule but also a positive step towards Viksit Bharat, which aims to transform India into a developed country by the 100th Independence Day celebrations. Furthermore, India’s rapid economic growth and development over the next two decades …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
4 months, 3 weeks ago

NITI Aayog Envisions India as $30 Trillion Economy by 2047

Deccan Chronicle  

New Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to …

NITI Aayog Meeting: PM Modi Stresses Govt-State Synergy, 'Zero Poverty' Goal For Viksit Bharat@2047 Vision
4 months, 3 weeks ago

NITI Aayog Meeting: PM Modi Stresses Govt-State Synergy, 'Zero Poverty' Goal For Viksit Bharat@2047 Vision

ABP News  

Prime Minister Narendra Modi on Saturday chaired the 9th Governing Council Meeting of NITI Aayog at the Rashtrapati Bhavan Cultural Centre, New Delhi, emphasising the collective efforts required by both the Centre and States to realise the vision of Viksit Bharat @ 2047. NITI Aayog Meet: PM Modi On Youth Skilling, Investment-Friendly Environment The Prime Minister also stressed the importance …

NITI Aayog meeting: PM says only ‘Viksit’ states can make ‘Viksit’ Bharat
4 months, 3 weeks ago

NITI Aayog meeting: PM says only ‘Viksit’ states can make ‘Viksit’ Bharat

New Indian Express  

NEW DELHI: Chairing the meeting of the ninth Governing Council of NITI Aayog on Saturday, Prime Minister Narendra Modi asserted that the ambitious goal of ‘Viksit Bharat 2047’ could be realized only through the collective efforts of all states. Viksit states will make Viksit Bharat,” PM Modi said, while stressing that the vision of a developed India by 2047 was …

India's best and worst states on social development goals are...
5 months, 1 week ago

India's best and worst states on social development goals are...

Firstpost  

According to the NITI Aayog’s SDG India Index 2023-24, India’s overall Sustainable Development Goal score increased to 71 in 2023-24, compared to 66 in 2020-21, supported by significant progress on eliminating poverty, providing decent work, economic growth, climate action and life on land. Uttarakhand and Kerala have emerged as the top performer states in NITI Aayog’s SDG India Index 2023-24, …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Viksit Bharat 2047: A Non-Negotiable Goal in Modi 3.0
6 months ago

Viksit Bharat 2047: A Non-Negotiable Goal in Modi 3.0

News 18  

As the Modi 3.0 government commences work in earnest following its historic mandate for a third consecutive term, and as Bharat moves closer to the centenary of its independence in 2047, the vision of Viksit Bharat—a developed India—remains centre stage and non-negotiable in its policy objectives. Prime Minister Narendra Modi’s vision for ‘Viksit Bharat 2047’, while rooted in economic prosperity, …

India’s State Sector Is Thriving. That’s a Problem
6 months, 3 weeks ago

India’s State Sector Is Thriving. That’s a Problem

Live Mint  

-- Ten years ago, when Narendra Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. The minister in charge of India’s state petroleum companies, for example, says that the Modi administration …

Viksit Bharat: Prime Minister Narendra Modi’s Vision for a Developed India
9 months ago

Viksit Bharat: Prime Minister Narendra Modi’s Vision for a Developed India

News 18  

Ever since assuming office as the Prime Minister of India, Narendra Modi’s vision has extended far beyond the ordinary realms of governance to an ambitious and grand vision to create a new and developed India. Central to this is the concept of ‘Viksit Bharat’ or Developed India, a transformative vision aimed at catapulting India into the league of developed nations …

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047
9 months, 3 weeks ago

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047

Deccan Chronicle  

New Delhi: Exuding confidence in India to become the third largest economy in the world, Union finance minister Nirmala Sitharaman on Tuesday said that the country should become a global hub for artificial intelligence or AI and India would set up centres of excellence for the same. Anticipating the nation to become a developed nation or ‘Viksit Bharat’ by 2047 …

‘Take giant leap towards Viksit Bharat in next 5 years’: PM Modi to BJP leaders
10 months ago

‘Take giant leap towards Viksit Bharat in next 5 years’: PM Modi to BJP leaders

Hindustan Times  

Prime Minister Narendra Modi on Sunday vowed to work towards Viksit Bharat and take a giant leap towards the goal over the next five years saying that now was the time to realise the dream and vision of a Viksit Bharat. PM Narendra Modi Read here: PM Modi implemented concept of Ram Rajya, says BJP resolution While addressing the national …

Interim Budget: Plans Afoot on Making India Developed Nation by 2047
10 months, 3 weeks ago

Interim Budget: Plans Afoot on Making India Developed Nation by 2047

Deccan Chronicle  

New Delhi: As India has been witnessing robust economic growth, the interim budget of 2024 has set a vision to make India a developed nation by 2047 with several measures, including containing fiscal deficit to manageable levels, momentum to nari shakti, welfare of farmers, empowering youth and poor, boosting agriculture & food, solar & electric vehicles, resilient performance of Indian …

States in focus, a budget that seeks to lift all boats
10 months, 3 weeks ago

States in focus, a budget that seeks to lift all boats

Hindustan Times  

NITI Aayog’s discussion paper, “Multidimensional Poverty in India since 2005-06”, shows that nearly 250 million Indians moved out of multidimensional poverty between 2013-14 and 2022-23. Interim Budget 2024-25, through its focus on the upliftment of garib, mahila, yuva and annadata, seeks to ensure that the tangible development gains of the last decade are sustained and further accelerated. This signals India’s …

Southern states key drivers of India's $5 trillion economy ambition: Amitabh Kant
1 year, 6 months ago

Southern states key drivers of India's $5 trillion economy ambition: Amitabh Kant

India Today  

India’s G20 Sherpa and former Niti Aayog CEO Amitabh Kant said southern states will play a central role in India's ambition to become a $5 trillion economy. He said southern states are way ahead in terms of GDP growth and per capita income, adding that they have achieved outstanding results in areas such as health, education, and nutrition. Kant went …

India’s GDP expanded 6.1% in 2022-23’s last quarter
1 year, 6 months ago

India’s GDP expanded 6.1% in 2022-23’s last quarter

The Hindu  

India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from the 7% estimated earlier, according to the provisional national income data released by the National Statistical Office on Wednesday. The higher-than-expected GDP growth last year could also temper growth expectations for this year, which the government and central …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

How to sustain 7% growth for India
2 years, 3 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

Re-engineering the development state
2 years, 4 months ago

Re-engineering the development state

The Hindu  

Since Independence, India’s economic growth has steadily accelerated, albeit from a low level, with moderating inflation rate. Breaking free from the colonial stagnation, domestic output grew annually at around three-and-a-half per cent during the first three decades — pejoratively called the “Hindu growth rate”. With a moderate balance-of-payment deficit and modest share of external debt to total debt, as ratios …

A tryst with the past: The Hindu editorial on 75 years of India’s independence
2 years, 4 months ago

A tryst with the past: The Hindu editorial on 75 years of India’s independence

The Hindu  

August 15, 2022 12:30 am | Updated 02:33 pm IST Seventy-five years ago, on this day, India’s first Prime Minister Pandit Jawaharlal Nehru made these remarks in his stirring speech on India attaining freedom at midnight: “The achievement we celebrate today is but a step, an opening of opportunity, to the greater triumphs and achievements that await us. Are we …

India on cusp of major economic recovery: Niti Aayog VC
2 years, 8 months ago

India on cusp of major economic recovery: Niti Aayog VC

Hindustan Times  

India is on the cusp of a major economic recovery and talks of possible stagflation are "overhyped" as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday. "Given all the reforms that we have done in the last seven years, …

India’s GDP grows 8.4% in July-September: Govt
3 years ago

India’s GDP grows 8.4% in July-September: Govt

Live Mint  

The Indian economy expanded 8.4% in the September quarter, surpassing its pre-pandemic size, as vaccination picked up pace and services activity returned to normal after the disruptions caused by the devastating second wave of the pandemic in the June quarter. “India is likely to have double-digit growth in FY22, 6.5-7% next year and over 7% thereafter,” Krishnamurthy Subramanian, chief economic …

Growth needs steps beyond reforms
3 years, 4 months ago

Growth needs steps beyond reforms

The Hindu  

The Indian economy has travelled through an eventful period through the last three decades. The break with the past came in three important ways: in dismantling the vast network of licences, controls and permits that dominated the economic system; in redesigning the role of the state and allowing the private sector a larger space to operate within, and in abandoning …

A third-generation strategy for accelerated growth and development
3 years, 5 months ago

A third-generation strategy for accelerated growth and development

Hindustan Times  

In India’s growth and development journey, two major policy departures stand out from previous long epochs. The time is now right for India to initiate the third generation of economic reforms to elevate its growth trajectory to the next level of around eight to nine per cent, which is needed to ensure a doubling of per capita income in every …

State Recovery Tracker: High-GDP states catch up with rest of India on economic revival
4 years, 2 months ago

State Recovery Tracker: High-GDP states catch up with rest of India on economic revival

Live Mint  

Until recently, economic revival in India was mostly limited to smaller states. The top states are now catching up with the rest of India in getting back on track, shows Mint’s latest State Recovery Tracker. Six states make up half of India’s economic output, and will matter the most in economic recovery: Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat, and …

India’s growth story has never seemed so endangered
4 years, 3 months ago

India’s growth story has never seemed so endangered

Live Mint  

We all knew it would be bad, but no one could have predicted just how bad. Supply and credit links, which had been largely cash-based in the informal sector, among others, remained broken even after high-denomination currency came back into circulation, and some small businesses and poorer households—we will likely never know how many—never recovered to their level of well-being …

The geography of growth in India
4 years, 4 months ago

The geography of growth in India

Live Mint  

One of the striking features of India’s growth boom since the 1980s has been the concentration of economic activity in a handful of states. Conventional economic theory suggests that poorer states should have grown faster during India’s growth boom since the 1980s. According to Annual Survey of Industries data for 2017-18, a majority of India's factory jobs are clustered in …

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