ENA Economy 2024-08-13 13:18:41 <p><span style="font-size:14px"><strong>New Delhi, Aug 13 (KNN)</strong> In a departure from traditional growth models, India is aiming to become a developed nation by 2047 through a sustainable approach, according to economist Shamika Ravi, Member, Economic Advisory Council to the Prime Minister.</span></p> <p><span style="font-size:14px">Speaking at the 'Youth Sabha 2047: Shaping India's Future' event in New Delhi, Ravi emphasised that India would not follow the growth at all costs strategy adopted by OECD countries, reported Livemint.</span></p> <p><span style="font-size:14px">Instead, the nation is committed to a growth trajectory that is both equitable and environmentally responsible.</span></p> <p><span style="font-size:14px">The government's Viksit Bharat @2047 vision outlines ambitious targets, including expanding the GDP from USD 3.4 trillion to USD 30 trillion by 2047.</span></p> <p><span style="font-size:14px">This comprehensive plan encompasses economic growth, social progress, good governance, and environmental sustainability.</span></p> <p><span style="font-size:14px">Key environmental goals include achieving 90 per cent green grid capacity, transitioning to all-electric vehicle sales by 2035, and shifting heavy industries towards green hydrogen and electrification.</span></p> <p><span style="font-size:14px">Projections suggest India's CO2 emissions will peak in the early 2030s and decrease significantly by 2047, aligning with Prime Minister Narendra Modi's commitment to achieve net-zero emissions by 2070.</span></p> <p><span style="font-size:14px">Ravi highlighted the importance of engaging India's youth in realising these sustainable development goals. She called for young people to mobilise, innovate, and take risks in developing scalable business solutions that address existing problems through new technologies.</span></p> <p><span style="font-size:14px">The economist also pointed to initiatives like the LiFE (Lifestyle for Environment) project, which aims to instil environmentally conscious behaviours from an early age, as crucial for long-term sustainable growth.</span></p> <p><span style="font-size:14px">As India pursues this green transition, it stands out as a low per capita income country investing significant resources in sustainable development.</span></p> <p><span style="font-size:14px">This approach marks a notable shift from historical industrialisation patterns and positions India as a potential model for sustainable economic growth in the developing world.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38952 https://knnindia.co.in/news/newsdetails/economy/india-targets-sustainable-development-to-become-developed-nation-by-2047-economist-shamika-ravi 2024-08-13 13:18:41 knnindia.co.in