Page 22 - Shelter, October 2024

THEME PAPER

providing opportunities for
all citizens and all regions to
reach their potential’ by 2047
when we reach 100th year of
our independence. To achieve
this vision, the Govt. of India
has already formulated
strategies and identified
nine priority areas viz.
Productivity and resilience
in Agriculture, Employment
& Skilling, Inclusive Human
Resource Development
and Social Justice,
Manufacturing & Services,
Urban Development, Energy
Security, Infrastructure,
Innovation, Research &
Development and Next
Generation Reforms.
The economy size of the Viksit
Bharat 2047 is projected to be
of USD 30 trillion and per-
capita income (PCI) of USD
18,000-20,000 with strong
emphasis on sustainable
development, green growth
& net zero by 2070. Various
projections have already
indicated that the targeted
GDP size is achievable in
view of India’s current pace of
reforms, urban transformation
and demographic dividends.
According to a Study by
PHDCCI (2024), the size of the
Indian economy is projected
to reach USD 34.7 Trillion by
2047 with PCI projected to
increase to USD 21,058 from
the present PCI level of USD
2,615 (Figure 1). A Report by
Knight Frank Research (2023)
projects Indian economy size
to range between USD 33

20 HUDCO-HSMI Publication