Shaktikanta Das says 'Viksit Bharat' by 2047 possible after 7.9% average growth
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Mains·
Macroeconomic growth targets and structural transition: a key GS3 Economy and development theme.
Why in news
Shaktikanta Das, Principal Secretary to the PM, stated at the Kautilya Economic Conclave 2026 that India can achieve 'Viksit Bharat' by 2047 by sustaining an average growth of 7.9%.
Background
India recorded a 7.8% real GDP growth in the first quarter and an average growth of 7.9% between fiscal 2022 and fiscal 2026. The 5th Kautilya Economic Conclave 2026 in Delhi focused on 'Resilience in an Age of Flux' with over 180 participants.
Facts for Prelims
- FactIndia's average real GDP growth between fiscal 2022 and fiscal 2026 was 7.9%.
- FactIndia's real GDP growth in the first quarter was 7.8%.
- PlaceThe 5th Kautilya Economic Conclave 2026 was held in Delhi.
- PostShaktikanta Das is the Principal Secretary to the Prime Minister and former RBI Governor.
Prelims practice question
With reference to India's economic growth and the Kautilya Economic Conclave, consider the following statements:
- India recorded an average real GDP growth of 7.9% between fiscal 2022 and fiscal 2026.
- The 5th Kautilya Economic Conclave 2026 was held in Delhi.
- The real GDP growth in the first quarter was recorded at 8.5%.
Which of the statements given above is/are correct?
- (a)2 only
- (b)1 and 2 only
- (c)1 and 3 only
- (d)1, 2 and 3
Show answer
Answer: (b) 1 and 2 only — Statements 1 and 2 are correct. Statement 3 is incorrect: The real GDP growth in the first quarter was 7.8%.
For Mains
Q. Discuss the structural and macroeconomic factors required for India to transition into a 'Viksit Bharat' by 2047 amidst global economic volatility.
Dimensions to cover in your answer
- Macroeconomic stability: Leveraging prudent external sector management and state capacity to buffer against global energy price volatility.
- Productive capacity: Transitioning to sustainable growth through clean energy, AI integration, and strategic Atmanirbharta.
- Investment dynamics: Shifting focus toward long-term productive capacity to sustain high growth momentum.
Keywords: Viksit Bharat · Macroeconomic Stability · Real GDP Growth · State Capacity · Productive Capacity · Economic Resilience
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.