Viksit Bharat@2047: Path to Progress NITI Aayog Conclave

On 6th February 2025, NITI Aayog organized a high-level conclave titled “Towards Viksit Bharat @ 2047: Strengthening Economy, National Security, Global Partnerships, and Law” at Sushma Swaraj Bhawan, New Delhi. The event brought together top policymakers, including the Vice Chairman, Members, and CEO of NITI Aayog, along with key government officials such as the Chief Economic Advisor to the Government of India and the Secretary of the Ministry of Defence.

The conclave featured panel discussions, keynote addresses, and expert deliberations, focusing on India’s long-term growth strategy. Discussions revolved around economic reforms, global partnerships, national security, legal frameworks, and digital infrastructure—all crucial components of India’s transformation into a developed nation by 2047.

Key Discussions and Takeaways

1. Economic Growth and Global Competitiveness by 2047

• Experts from policy, academia, and industry analyzed India’s path to becoming a global economic powerhouse.
• Emphasis on regulatory reforms, infrastructure expansion, innovation, and strategic trade participation.
• The role of private sector investment in R&D, fiscal consolidation, and global supply chain integration.
• Importance of sovereign credit ratings, energy security, and access to critical raw materials.
• Education, skill development, and infrastructure as key drivers of India’s demographic advantage.
• Need for bold reforms, sustainable energy policies, and leadership in global trade.

2. Strategic Partnerships for Development

• Discussions on India’s diplomatic strategies in balancing relationships with both the Global South and Global North.
• Focus on economic resilience and mitigating geopolitical trade disruptions.
• India’s leadership in renewable energy and securing access to critical mineral resources.
• Importance of trade liberalization, tariff reductions, and technological collaborations.
• Role of digital public infrastructure in strengthening multilateral and bilateral partnerships.
• Legal reforms needed to attract investment and improve the ease of doing business.

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3. Supply Chain Resilience and National Defence

• Addressed supply chain disruptions and the role of public-private partnerships in national defence.
• Discussion on the Just in Time (JIT) model for civil supply chains vs. the Just in Case (JIC) model for military logistics.
• Emphasis on robust procurement procedures and efficient legal frameworks for supply chain management.
• Need for enhanced cybersecurity to safeguard critical infrastructure and operational efficiency.
• Strengthening logistical supply chains for both military and civilian operations.
• Proposals for streamlining defence procurement processes and fostering public-private collaborations.