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India's economy has consistently been the fastest-growing among major global economies. Key milestones that India is expected to achieve as part of Viksit Bharat@2047:

India's GDP is projected to reach USD 26 trillion in market exchange rate terms.

The country's per capita income is expected to exceed USD 15,000, placing it firmly among the ranks of developed nations

• Infrastructure investment
• A resilient service sector
• Increased real estate and manufacturing activity

India's financial markets have experienced significant growth in recent years, further solidifying the nation's economic trajectory

Demat accounts: The increasing number of demat accounts, now totalling over 170 million, signals rising financial literacy and a growing culture of investment among retail investors.

Mutual funds: Number of mutual fund investors has also surged, growing from 10 million in 2014 to 45 million by March 2024.

Retail Investors:As of FY24, individual (retail) investors have approximately USD 433 billion invested directly in equities and USD 337 billion in mutual funds, reflecting a burgeoning interest in financial market participation.

Initial Public Offering (IPO):The IPO landscape has seen unprecedented activity, with over 60 IPO launches in 2024 alone. In 2024, the total amount raised through IPOs reached approximately USD 8 Billion, indicating a robust appetite for public listings.

Foreign Direct Investment (FDI):Coupled with a favourable regulatory environment, foreign direct investment (FDI) has also grown steadily, with sectors such as automobiles, FMCG, fintech, and renewable energy leading the charge.

The increasing number of stock market participants, alongside advancements in digital trading platforms, has made investing more accessible to the masses, fostering a vibrant investment culture. This robust financial ecosystem, supported by thriving capital markets and increased retail and foreign participation, is propelling India closer to its vision of becoming a global economic superpower by 2047.

India's greatest strength lies in its 767 million-strong youth population, the largest globally. Over 65% of the population is under the age of 35, offering a significant demographic advantage that is expected to boost innovation, consumption and productivity.
With a labour force participation rate that reached 42.4% by the end of 2023, India is projected to maintain its status as the fastest-growing large economy in the world.

India's digital revolution is a key pillar of its economic growth. India boasts one of the largest and most affordable digital infrastructures in the world.

• 462 million - Internet users
• 1.2 billion - Telecom subscribers
• USD 0.13 per GB - Data tariffs are among the lowest globally
• 30 billion - UPI transactions conducted annually, driving financial inclusion and economic democratization

India's ambitious infrastructure development programs are central to its economic expansion. Key highlights:

• 23 million daily passengers - second-largest railway network globally
• 4.1 million miles - Second largest Road network globally
• USD 134 Billion - Government committed for infrastructure investment, including energy, urban development, and transportation, which will be critical for connecting rural and urban areas, improving quality of life, and boosting industrial growth

India's commitment to sustainability is evident in its renewable energy initiatives. The country ranks fourth globally in renewable energy production and has set an ambitious target to achieve 500 GW of installed renewable energy capacity by 2030. This will reduce India's dependence on fossil fuels and promote green growth.

India is on its way to Net Zero Emissions by 2070 as announced by the Hon'ble PM Narendra Modi during the 2021 United Nations Climate Change Conference (COP26) in Glasgow.

India's path to Viksit Bharat@2047 is paved with rapid economic growth, digital transformation, robust infrastructure, and global trade. By harnessing its demographic dividend, technological advancements, and sustainable development, India is well on its way to becoming a global leader. The future promises improved living standards, increased global influence, and a resilient, self-reliant economy that will shape the world for years to come.