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THEME PAPER
ROLE OF YOUTH FOR TRANSFORMING
BHARAT TO VIKSIT BHARAT@2047
DR. AKSHAYA The government of India’s DISCOURSES ON
vision of Viksit Bharat@2047 VIKSIT BHARAT@2047
KUMAR SEN is a bold and ambitious goal
SIYA NANDY of transforming India into When India declared its
independence in 1947, its
SHASHWATI a developed nation that is economy size was a mere ₹2.7
economically prosperous with
MAZUMDAR USD 30 trillion GDP & per- lakh crore, accounting for only
3% of the world’s total gross
capita income of USD 20,000; domestic product (GDP).
socially just with equity & In the last 25 years, India’s
equality; and technologically economy has grown at an
advanced with modern, resilient average real rate of 6%, going
& sustainable infrastructure through cycles of economic
by 2047, the 100th year of its expansion and contraction
independence. This article and currently stands at being
argues that Indian youths the 5th largest economy in
would be the key enabler for the world with ₹295.36 lakh
India achieving the Viksit crore or 3.7 USD Trillion in
Bharat@2027 goal, given India’s 2023-24, which is almost 8%
increasing pace of urbanisation, of the world’s total GDP (IMF,
youth-oriented demographic 2024). India’s economic surge
landscape and current reform is propelled by its strong
initiatives. The article proposes fundamentals of domestic
a framework for Participatory consumption, manufacturing,
Budgeting for Youth (PBY) for infrastructure, controlled
engaging its young population inflation, growing exports,
Dr. Akshaya Kumar Sen in meaningful and impactful and strategic measures for
General Manager (Economics), urban development. investments and fostering
HUDCO, New Delhi,
aksen@hudco.org Declaration: innovation. The Government
Ms. Siya Nandy pursuing We declare that this article is an of India, in its Union Budget
Bachelor’s Degree Jesus & Merry 2024-25, has unveiled a strong
College, original work of the Authors. vision of ‘Viksit Bharat@2024’
siya110805@gmail.com It has neither been published that is of a ‘Prosperous Bharat
Ms. Saswati Mazumdar, pursuing nor under consideration for in harmony with nature, with
Bachelor’s Degree, Lady Shri Ram publication elsewhere. modern infrastructure, and
College of Delhi University,
shashwatimazumdar@gmail.com
October, 2024, Volume 25. No.1 - SHELTER 19
