India at 78: A Nation on the Rise, with ‘Viksit Bharat’ in Sight
News 18India 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 should be fuelled by the innovation, resilience, and entrepreneurial spirit of its people. India’s market capitalisation could easily grow to $40 trillion in the next 20 years, driven by stronger investor confidence, robust economic growth, and a large, relatively inexpensive labour force. The government’s Viksit Bharat vision aims to transform India into a developed country, expanding its GDP from $3.5 trillion to a $30 trillion economy by 2047.