NITI Aayog organized a conclave titled “Towards Viksit Bharat @ 2047: Strengthening Economy, National Security, Global Partnerships, and Law” on 6th February 2025 at Sushma Swaraj Bhawan, New Delhi. The conclave saw the participation of the Vice Chairman of NITI Aayog, Members of NITI Aayog, the CEO of NITI Aayog, and keynote addresses from the Chief Economic Advisor to the Government of India and the Secretary of the Ministry of Defence. The event featured a lineup of panel discussions, keynotes, and deliberations, addressing critical themes essential to India’s development journey over the next two decades.
A key highlight was the panel discussion on Economic Growth and Global Competitiveness by 2047, where distinguished experts from policy, academia, and industry examined India’s trajectory toward becoming a global economic powerhouse. Discussions emphasized the importance of regulatory reforms, innovation, infrastructure expansion, and India’s strategic role in global trade. Panelists stressed the need for increased private sector investment in research and development, fiscal consolidation, and integration into global supply chains. Sovereign credit ratings, energy security, and access to critical raw materials were identified as essential for long-term economic resilience. Education, skill development, and infrastructure investments were recognized as crucial for leveraging India’s demographic advantage. The consensus was that bold reforms, sustainable energy strategies, and a leadership role in global trade would be key to achieving Viksit Bharat by 2047.
Another significant session, Strategic Partnerships for Development, focused on India’s diplomatic strategies in securing alliances with both the Global South and North. The discussion highlighted India’s economic resilience and its ability to navigate geopolitical trade disruptions. Experts underscored India’s leadership in renewable energy and stressed the importance of international cooperation in critical mineral resources. Trade liberalization, tariff reductions, and technological collaborations were explored as potential avenues to enhance India’s global trade standing. The session also emphasized the role of digital public infrastructure in fostering multilateral and bilateral partnerships, while legal reforms were acknowledged as pivotal in attracting investment and improving ease of doing business.
In the session on Supply Chain Resilience and National Defence, panelists addressed practical solutions for mitigating supply chain disruptions and the role of public-private partnerships in national defence. Discussions highlighted the need for a robust logistical supply chain and its impact on both military and civilian operations. A key takeaway was the distinction between the Just in Time model in civil supply chains and the Just in Case model employed in military logistics. Experts deliberated on the role of legal frameworks in ensuring efficient procurement, stocking, and supply chain management. Proposals were made for enhancing procurement procedures, fostering public-private collaborations, and refining organizational structures to streamline defence supply chains. Cybersecurity emerged as a critical factor in safeguarding supply chain integrity and ensuring operational efficiency.
The conclave provided valuable insights into India’s economic trajectory, strategic partnerships, and national security preparedness. The discussions reinforced the nation’s commitment to sustainable and inclusive growth, paving the way for the vision of the Prime Minister of a “Viksit Bharat” by 2047.
