Govt appoints BCG to ready vision 2047 blueprint

The government has hired Boston Consulting Group (BCG) to help prepare the Vision 2047 document that will set India’s medium-term goals and priorities for becoming a developed economy in the next quarter of a century, two people aware of the development said.

- Gireesh Chandra Prasad

The vision document, expected to be unveiled by the Prime Minister Narendra Modi, will outline an economic strategy towards becoming a middle-income nation by leveraging India’s strengths in industry, services, agriculture, trade and human capital while improving the governance systems and access to public goods. Making economic progress inclusive will be a key element of the vision document.

“There are different parts to the vision document. Considerable work has already been done by the government. Besides the government, think tanks and other agencies are also contributing to this major exercise in some ways," said one of the two people, suggesting that multiple external agencies may contribute to the blueprint.