Context:

• India, currently the fifth-largest economy with a $4.2 trillion GDP, is poised to surpass Japan and Germany to become the third-largest economy in the coming years.
• Under the current govt, the last 11 years (2014–2025) have seen significant transformations in infrastructure, governance, digital infrastructure, and social development.

Economic Resilience and Macroeconomic Stability:

• Consistent growth:
  • Average GDP growth since 2014: 6.4%
  • Latest quarterly growth (2025): 7.4%
• Inflation management: Inflation declined from 9.4% (2013-14) to 4.6% (2025), resulting in macroeconomic stability for both businesses and households.

Infrastructure Expansion - Laying the Foundation of Growth:

• Highways and rural roads:
  • National highways increased from 91,287 km (2014) to 1,46,204 km (2024).
  • Construction speed rose from 12 km/day to 34 km/day.
  • 4 lakh km of rural roads built under PM Gram Sadak Yojana (PMGSY), connecting 99% of rural India.
• Railways - Backbone of mass and freight transport:
  • 25,871 route kilometres (RKM) of new tracks laid, which is significantly higher than 14,985 RKM in the previous decade.
  • Locomotive production (2024–25): 1,681 units (world leader).
  • Freight movement: 1,617 million tonnes/year (2nd largest globally).
  • Rail connectivity extended to Northeast
  • 30 million passengers served daily.
  • Dedicated Freight Corridor (DFC): Transformative logistics reform.
• Airports and aviation:
  • Airports increased from 74 (2014) to 160 (2025).
  • UDAN scheme brought connectivity to remote towns.
  • Vision: 300 operational airports by 2047.

Urban Transformation and Sustainable Growth:

• Smart Cities Mission: Over 8,000 projects implemented, with investments of worth ₹1.64 lakh crore.
• Urban Mass Transit:
  • Delhi Metro: Among the largest globally.
  • Metro rail expanded to 15 Indian cities (like Bengaluru, Lucknow, Indore).
• Clean Energy Leadership:
  • Total clean energy capacity:228. 28 GW.
  • Solar energy capacity grew from 2.82 GW (2014) to 105.65 GW.
  • India ranks: 3rd in solar and 4th in wind energy production globally.

Digital Public Infrastructure - A Model for the World:

• Platforms driving growth:
  • UPI, Aadhaar, Jan Dhan Yojana central to governance reforms.
  • This public-first approach has enabled real-time payments and direct benefit transfers (DBTs).
  • Digital Public Infrastructure (DPI) contribution to GDP: About 1%, projected to reach 3–4% by 2030.
• Global recognition and adoption: As the World Bank has recognised, DPI has accomplished in six years what would typically take decades. India’s DPI has now been adopted in over 12 countries.

Social Development and Poverty Alleviation:

• Poverty reduction:
  • 17.1 crore people lifted out of poverty (2014–2023).
  • Poverty rate declined from 29.17% (2013-14) to 11.28% (2022-23).
• Inclusion and empowerment: DPI and infrastructure have enabled greater rural inclusion, with emphasis on last-mile connectivity and universal access.

The Road Ahead - India @2047 Vision:

• Strategic priorities:
  • Deepen global supply chain integration.
  • Strengthen manufacturing and skilling.
  • Improve ease of doing business.
  • Reduce compliance burdens and legal redundancies.
• Governance and reform continuity:
  • Continued focus on agile policymaking.
  • Emphasis on sustainability, inclusivity, and competitiveness.
  • Building on reforms like GST and regulatory simplification.

Conclusion - India’s Developmental Trajectory:

• India’s journey over the past decade reflects a composite transformation - from infrastructure to digital innovation and poverty alleviation.
• With bold governance reforms and a global development agenda, India is positioning itself not just as a fast-growing economy, but as a resilient and inclusive global power by 2047.