Shaktikanta Das says Viksit Bharat by 2047 is achievable with 7.9 per cent growth
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
Shaktikanta Das, Principal Secretary to the Prime Minister, stated at the 5th Kautilya Economic Conclave 2026 that India can achieve 'Viksit Bharat' by 2047 with a 7.9 per cent growth rate.
Background
Shaktikanta Das, former RBI Governor and current Principal Secretary to the PM, presented these figures at the 5th Kautilya Economic Conclave 2026 in Delhi. He cited a 7.8 per cent real GDP growth in the first quarter and an average 7.9 per cent growth between fiscal 2022 and fiscal 2026.
Facts for Prelims
- FactIndia recorded a 7.8 per cent real GDP growth in the first quarter of the year.
- FactAverage real GDP growth between fiscal 2022 and fiscal 2026 was 7.9 per cent.
- PostShaktikanta Das serves as the Principal Secretary to the Prime Minister.
- PlaceThe 5th Kautilya Economic Conclave 2026 was held in Delhi.
For Mains
Q. Discuss the structural requirements and macroeconomic conditions necessary for India to achieve the 'Viksit Bharat' goal by 2047.
Dimensions to cover in your answer
- Capital formation: Transitioning from infrastructure-led growth to high-value manufacturing and services
- Demographic dividend: Aligning labor force skills with high-growth industrial requirements
- Fiscal-monetary coordination: Balancing inflation targets with the need for sustained 7.9% real GDP growth
Keywords: Viksit Bharat · Real GDP Growth · Macroeconomic Stability · Economic Conclave · Capital Formation
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