ROCKETING FORWARD AMID DISRUPTIONS

India’s struggle to emerge as a developed nation by 2047 comes amid a world beset with disruptions. These interruptions are pushing India to speed up reforms and position itself as a resilient growth country. On its path to becoming Viksit Bharat, the country is forging ahead through policy measures, digital transformation, green energy investments and inclusive development strategies.

- Ritika Arora Bhola

India's vision of becoming a developed nation by 2047 comes at a time when the world is struggling with multiple global disruptions — the ongoing tariff war, Iran-Israel and Russia-Ukraine conflicts disrupting supply chains, geopolitical conflicts and economic slowdown spread chaos among cargo agents.

Battling disruptions, India has come a long way — turning challenges into opportunities by using them as catalysts for structural reforms, digital adoption and supply chain realignment — on its journey towards becoming Viksit Bharat. In recent weeks, the Prime Minister of India has taken many bold decisions to put the country 'first' and protect the interests of its people. When Donald Trump, President of the USA, tried to disrupt Indo-US trade flows by imposing 50 per cent tariff on Indian exports to the USA, India responded with 'export diversification measures,' bilateral trade agreements (the latest one being the India-UK FTA), manufacturing policies, such as the Production Linked Incentive schemes and PPPs.

Partnerships such as the India-UAE CEPA and negotiations with the European Union are reducing dependency on single markets. The PLI schemes in electronics, semiconductors, pharmaceuticals and renewable energy are helping India substitute critical imports and position India as a hub for the resilient supply chains.

Initiatives such as PMGS and NLP have set an example for the world. They help reduce dependence on some markets and boost India's self-reliance in sectors, such as electronics, semiconductors and defence, pharma and agriculture. Investments in SEZs, road and rail freight corridors, MMLPs, NHs and airports with advanced cargo terminals have contributed to the overall economic growth.