What is Viksit Bharat: NITI Aayog CEO BVR Subrahmanyam Explains at India Economic Summit

India Ecomic Summit : BVR Subrahmanyam, CEO of NITI Aayog, kicked off Republic Media Network’s India Ecomic Summit , emphasizing that India is destined to become Viksit Bharat (Developed India). During summit, he explained, "Viksit Bharat is a very interesting thing. Viksit Bharat in a western concept would mean a developed country." summit, w in its fourth distinguished edition, is underway at Network’s grand hequarters, hailed as largest news center in Asia. This monumental event, held under visionary me "Viksit Bharat: Bullseye," serves as a beacon of ecomic ambition, illuminating India's path to a $50 trillion ecomy by 2047.

Subrahmanyam, in his keyte dress on Vision 2047, explained significance of Viksit Bharat, stating, " me of program, which is Viksit Bharat. But Viksit Bharat is also a dream. But just as this dream got fulfilled, if we work methodically, systematically, with ambition, drive, and consistency, even that dream can be fulfilled." He underscored importance of dreaming big, ding, "I think we need more dreamers in country. Because it is dreamers who are going to take this country somewhere."

He credited Prime Minister Narendra Modi with initiating vision of Viksit Bharat, ting, "It begins with Prime Minister who dreamt of Viksit Bharat. He used that word about two and half years, three years ago. And since n, Viksit Bharat has actually entered common lingo." Subrahmanyam highlighted India's progress, mentioning, "We grew at about 8% plus. India is one of fastest-growing large ecomies in world." He also predicted that India will soon become fourth largest ecomy in world, and by 2027, will be third largest.

Reflecting on India's transformation, Subrahmanyam remarked, "From a long period of very slow growth of a country riddled with poverty, we are w going to take our place in committee of nations as a leing country in world." He compared India's state in 1947, when it was struggling with poverty and dependency, to country it is today, ting, " entire government structure was designed to handle what? Famines, relief, floods, drought."

CEO also spoke about remarkable achievements of last dece, stating, "Last ten years have been phemenal. What this country has demonstrated in last ten years is a couple of things: We can do things with speed, we can do things at scale, and we can do things invatively." He cited India’s rapidly growing infrastructure and techlogical vancements, especially in digital public infrastructure like Ahaar and UPI, and India's leership in exploration and low-cost missions.

Subrahmanyam also emphasized India’s diversified ecomy, saying, "We are t a one-trick pony. We are t like Banglesh which lives on garments. We are t like a country which lives only on oil. We have an ecomy which is very diversified and covers entire span of agriculture, industry, and services."

He highlighted vants of India’s demographics, ting, "India is t only most populous country in world, it's among youngest countries in world. A median is 29. median of China next door is 39." Subrahmanyam underscored how India’s population and its thriving democracy put country in a prime position for future growth.

On geopolitical front, he said, "Geopolitics, by good fortune, is in our favor." He pointed to shift away from China, stating, "China’s own population is shrinking... by 2047, when India will be a 165 crore country, population of China will actually be around 120 or 110 crores." He also discussed how global challenges like climate change and techlogical disruptions, including artificial intelligence, present opportunities for India, especially with its focus on green techlogies and invation.

Subrahmanyam also stressed need for consistent growth to achieve goal of Viksit Bharat, saying, "Very few countries have grown at 9% for 25 years. United States to become a developed country took a hundred years. We are trying to do it in 25 years." He pointed to examples like South Korea and Singapore, highlighting that India has potential to achieve similar feats.

He concluded by asserting, "India is destined to become Viksit Bharat," ding, "A country is t mud and dust. It is people. strength of India is people." He also emphasized importance of working in harmony with state governments, saying, "Viksit Bharat comes only from Viksit Raj," highlighting NITI Aayog’s collaborative efforts with states to shape vision for India’s future.

As summit continues, Subrahmanyam’s vision for India's transformation into a developed nation resonates, fueled by optimism, ambition, and a determination to harness nation's strengths in face of global challenges.

Bringing toger a distinguished assembly of policymakers, business magnates, and industry experts, summit is a platform for forward-thinking dialogue on India’s future as a global ecomic powerhouse. Discussions will delve into transformative ideas around policy invation, infrastructure development, and inclusive growth to shape a vibrant, self-reliant India. This summit, hosted by Republic Media Network, t only reflects pulse of India’s ecomic journey but also reaffirms Network’s commitment to fostering a dynamic discourse on nation’s growth trajectory and future prosperity.