India’s vision for Viksit Bharat 2047 is a comprehensive roadmap aiming to transform the nation into a developed economy by its centenary of independence. This ambition encompasses a significant expansion of the manufacturing sector, targeting an increase in its GDP contribution from the current 16% to 27% by 2047. To achieve this, a 16-fold growth in manufacturing output is deemed necessary. Innovation is at the forefront, with initiatives like the India Graphene Engineering and Innovation Centre (IGEIC) fostering advanced material research. Digital transformation is being propelled through the Digital India programme, enhancing connectivity and digital literacy across urban and rural areas. Sustainability is integral to this vision, with plans to install over 500 GW of non-fossil electricity generation capacity by 2030, aiming for a predominantly green energy grid by 2047. Collectively, these efforts are designed to position India as a global leader in manufacturing, innovation, and sustainable development.
India’s Manufacturing Legacy
Long before independence, India was renowned globally for its manufacturing prowess and artisanal brilliance. While “Make in India” is a recent slogan, its spirit has been part of the country’s heritage for centuries. India was not just a producer but a global trendsetter, defining benchmarks in quality, craftsmanship, and innovation long before the West’s industrial era.
The textile industry, especially in Bengal, stood out – with Indian fabrics like Dacca muslins, Coromandel cotton prints, and Varanasi silks prized across Europe and Asia. By the early 18th century, Bengal alone contributed nearly 25% to global textile trade, underscoring India’s economic and cultural impact.
Beyond textiles, India’s artisans excelled in metalwork, pottery, weaving, and woodcraft, creating products that blended functionality with artistry. This village-based, decentralized economy was self-sufficient and sustainable long before these became modern ideals, with skills passed through generations and communities thriving around craft traditions.
India’s pre-colonial manufacturing was more than economic activity – it was a vibrant way of life, where creativity, commerce, and culture moved hand in hand, offering a timeless model for holistic development.
Viksit Bharat Vision 2047: Key Pillars
- $30 Trillion Economy Goal – Targeting a $30 trillion economy with an annual growth rate of 7–10%, aiming for an average per capita income of $18,000–$20,000.
- Smart Cities and Infrastructure Upgradation – Building sustainable, tech-driven smart cities, expanding modern highways, railways, and logistics hubs under PM Gati Shakti, Bharatmala, Sagarmala, and Smart Cities Mission.
- Innovation and AI Leadership – Positioning India as a global innovation hub in AI, semiconductors, biotech, Industry 4.0, and quantum technologies, backed by Atal Innovation Mission and the National Quantum Mission.
- Digital India 2.0 – Expanding e-governance, digital healthcare, education, fintech, and AI adoption across rural and urban India to bridge the digital divide.
- Green Energy Leadership – Leading in renewable energy with 500 GW+ capacity goals, solar dominance (100+ GW achieved), green hydrogen mission, and carbon-neutral initiatives.
- Manufacturing Growth through PLI and Global Competitiveness- Boosting manufacturing’s GDP share to 25–27% by 2047 through PLI schemes, technology adoption, and stronger global supply chain integration.
- Boosting MSMEs and Startups – Strengthening India’s 63 million MSMEs and growing startup ecosystem (157,000+ startups, 118 unicorns) through credit support, digitalization, and policy incentives.
- Skill India for Future Jobs – Skilling 20 lakh youth in emerging fields like AI, robotics, EVs, and advanced manufacturing to create a future-ready workforce.
India’s Manufacturing Renaissance
India’s journey toward becoming a global manufacturing powerhouse is central to its Viksit Bharat 2047 vision. Currently, manufacturing contributes about 17% to India’s GDP, but the ambition is to raise this to 25–27% by 2047, creating millions of jobs, boosting exports, and driving innovation-led growth.
PLI Schemes Across 14 Sectors
- Production-Linked Incentive (PLI) schemes are catalyzing domestic manufacturing in electronics, automotive, pharmaceuticals, textiles, and more.
- Over $17 billion in investments attracted, with nearly 1 million jobs created so far.
- Notable successes include mobile manufacturing (India is now the 2nd largest globally) and pharmaceutical production with export competitiveness
EV & Electronics Manufacturing Booms
- India’s EV market is projected to reach $54.4 billion by 2025, supported by FAME II, battery PLI schemes, and the PM E-Drive initiative.
- Electronics, especially mobile phones, have surged—99.2% of phones sold in India are now locally made, up from 26% in 2014.
“China Plus One” Strategy
- India is emerging as a strategic alternative in global supply chains, especially for firms diversifying from China.
- Policies around ease of doing business, FDI reforms, and bilateral trade agreements (e.g., India-EFTA) are enhancing India’s attractiveness
Mega Infrastructure and World-Class Standards: Powering India’s Industrial Rise
Mega Infrastructure Projects: Bharatmala, Sagarmala, DFCs
- Bharatmala Pariyojana: Awarded over 26,000 km of new highways to strengthen India’s road-based logistics.
- Sagarmala Programme: Investing ₹5.5 lakh crore to modernize ports, develop coastal economic zones, and boost hinterland connectivity.
- Dedicated Freight Corridors (DFCs): Building 2,800+ km of exclusive rail lines to fast-track cargo movement and ease industrial supply chains.
- Impact: Together, these projects drastically reduce logistics costs, improve connectivity, and create seamless access to industrial and export hubs.
India’s R&D & Innovation Edge
From Lagging to Leading in R&D Investment– Ambition to scale R&D spending from 0.7% to 2% of GDP to fuel innovation-driven growth.
Quantum Leap: National Quantum Mission– ₹6,000+ crore push to position India as a global frontrunner in quantum tech and secure communication.
AI & Deep-Tech as National Priorities– Government task forces and policies shaping India’s leadership in artificial intelligence and emerging technologies.
Semiconductor Self-Reliance: BSRC at IIT Madras – Advanced chip R&D and design centre to power India’s semiconductor ambitions, backed by $15B+ investments.
Startup Nation: Scaling Innovation at Speed – 157,000+ startups and 118 unicorns making India the world’s third-largest startup ecosystem.
Innovation from the Ground Up: Atal Mission & Tinkering Labs – 10,000+ labs igniting creativity in schools, incubators fostering real-world problem solvers.
Chips Are the New Oil: $63B Semiconductor Market– Explosive semiconductor demand across EVs, mobiles, and electronics driving local innovation and global supply chain integration.
Empowering MSMEs & Rural India
India’s Micro, Small, and Medium Enterprises (MSMEs) and rural communities are pivotal to the nation’s economic fabric, contributing significantly to employment, innovation, and inclusive growth. In 2025, the government has intensified its support through strategic initiatives, financial schemes, and infrastructural development.
- MSME Growth & Support
India’s 73.4 million MSMEs are driving job creation and export growth, with government initiatives like MUDRA loans providing financial support, and the PLI scheme boosting sectoral investments and job creation
- Digital Transformation for MSMEs
The ONDC initiative is integrating MSMEs into the digital retail ecosystem, while the DigiReady Certification is helping them enhance digital readiness for better market reach.
- Rural Development & Housing
The PM Awas Yojana (Gramin) has facilitated the construction of 3.79 crore houses, and the PMGSY has connected over 7 lakh km of rural roads, improving accessibility and living conditions.
- Tribal Empowerment & Welfare
The PM Janjatiya Unnat Gram Abhiyaan is focused on uplifting 5 crore Scheduled Tribe families, ensuring access to essential services and infrastructure in tribal areas.
Green India: EVs, Hydrogen & Renewable Energy
| Sector | Key Highlights |
| Renewable Energy – Solar | Installed solar capacity surpassed 100 GW in 2025, up from 2.82 GW in 2014 Driven by initiatives like the National Solar Mission Supports affordable, sustainable electricity and climate commitments. |
| Green Hydrogen | National Green Hydrogen Mission targets 5 MMT/year by 2030 Promotes clean hydrogen from renewables Expected to boost jobs, exports, and innovation in the hydrogen ecosystem. |
| Electric Vehicles (EVs) | EV market projected at $7 billion by 2025 30% car penetration by 2030 Enabled by FAME, PLI, and E-drive schemes Supports reduced fuel imports, emissions, and cost of mobility. |
| Policy Support | FAME: Consumer & manufacturer EV incentives PLI: Domestic production of EVs, batteries, components E-drive: Charging infrastructure development and clean mobility incentives. |
India’s Path to Global Leadership
Strategic Reforms & Global Competitiveness
- PLI schemes in 14 sectors have attracted over $17 billion and created ~1 million jobs.
- Trade agreements (EU, EFTA, ASEAN) are helping India join global value chains.
- Focus on becoming a net exporter in electronics, EVs, and pharma.
- PM Gati Shakti is modernizing logistics to reduce costs and boost industry.
Digital & Technological Leadership
- Digital India 2.0 is expanding e-governance, digital banking, e-health, and more.
- India is growing rapidly in AI, quantum tech, semiconductors, and robotics.
- Over 157,000 startups and 118 unicorns are driving tech innovation.
- Bharat Semiconductor Research Centre and National Quantum Mission are game-changers.
Green & Sustainable Growth
- India crossed 100 GW solar capacity (vs. 2.8 GW in 2014).
- Massive push on EVs, green hydrogen, and energy storage solutions.
- Green Steel Mission and renewable-powered manufacturing are scaling up.
- India is emerging as a leader in clean tech and sustainable industrial growth.
Inclusive Growth & Empowerment
- MSMEs supported through ONDC, MUDRA loans, and PLI benefits.
- Women-led development through SHGs and D2C platforms (e.g., Amazon Saheli).
- Youth empowerment via PM Kaushal Vikas Yojana, Skill India, upgraded ITIs.
- Rural and tribal upliftment via targeted schemes like PM Awas Yojana and Janjatiya Gram Abhiyan.
Global Manufacturing & Innovation Hub
- India aims to grow manufacturing’s share in GDP from 17% to 25-27% by 2047.
- Focus on quality, innovation, and export-readiness in key sectors.
- Companies like Bharat Forge, Infosys, and Amul show India can build trusted global brands.
The Big Picture
- Target: $30 trillion economy by 2047 with a per capita income of $18,000–20,000.
- India is building a future-ready, tech-driven, and sustainable economy.
- By 2047, India aims to be seen as a global leader trusted, innovative, and inclusive.