India’s Path to a Developed Nation: Celebrating 11 Years of Progress and Transformation Towards Viksit Bharat

As India moves towards its goal of becoming a developed nation by 2047, significant changes are unfolding. Prime Minister Narendra Modi encourages a break from old mindsets, urging the nation to embrace reform, perform with purpose, and transform for the future. This approach is already bearing fruit.

Over the past decade, India has made notable strides. The country jumped from 130th to 63rd on the World Bank’s Doing Business Index, attracting more foreign investments. The innovation landscape has flourished, with 1.6 million startups emerging, including 118 unicorns. Meanwhile, India has grown to be the fourth-largest economy in just ten years. According to Bloomberg, by 2025-2030, China, India, and the USA are expected to be the big drivers of global growth.

Climate change is another area where India is making its mark. Aiming for net zero carbon emissions by 2070, the country has already made substantial progress. In 2015, India partnered with France to form the International Solar Alliance, a major step in global renewable energy efforts. Currently, around 50% of India’s electricity comes from non-fossil sources.

India’s role in global health has also been profound. During the pandemic, when many wealthy nations hoarded vaccines, India stepped up, producing and distributing millions to countries in need. This initiative, called “Vaccine Maitri,” showcased India as a global health partner while addressing its own massive population.

Healthcare reforms continue with the Ayushman Bharat scheme, which has issued over 345 million health insurance cards, helping over 65 million people access medical services. This program is a cornerstone of India’s strategy to uplift health standards across the country.

Agriculture remains central to India’s identity. Recent initiatives aim to double farmers’ incomes, emphasizing the importance of sustainable farming practices. Programs like soil health cards and crop insurance are intended to support farmers amid evolving challenges. Notably, food grain production rose from 252 million to 332 million tons in a decade.

In the battle against poverty, India operates one of the world’s largest food security programs. The Targeted Public Distribution System assists over 800 million people, providing vital food supplies.

The government’s push for self-reliance—dubbed “Atmanirbhar Bharat”—aims to integrate India into global supply chains. With zero tolerance for terrorism, India’s defense strategies have also evolved, responding decisively during conflicts.

Technologically, India has made waves in space exploration, with missions like Chandrayaan and Gaganyaan capturing global attention. Moreover, the government’s Digital Public Infrastructure—linking Aadhaar with bank accounts—has transformed the way social welfare benefits are delivered, reducing inefficiencies.

During the pandemic, this digital framework allowed rapid financial aid distribution, ensuring support reached those most in need. These innovations are not just for India; they are being shared with developing countries worldwide.

India’s foreign policy reflects its growing influence. Recently invited to the G7 summit, India continues to serve as a voice for the Global South, advocating for inclusive approaches.

In this changing world, India’s vision of unity—summed up in phrases like “One Earth, One Health”—is central to its philosophy. As it navigates towards becoming a global power, its focus on growth, sustainability, and global cooperation is clear and compelling.

For further reading, check the full report from the IMF on global economic projections here.

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