India on high-growth trajectory to achieve 2047 development goals: Union Minister, Hardeep Puri

On Wednesday, Union Minister Hardeep Singh Puri said that India has emerged more resilient at a time when advanced economies are struggling to recover from the devastating impacts of covid-19 pandemic.

Highlighting the growth rate of 7.3% over the first three-quarters of the current fiscal, Puri said that India is on a high-growth trajectory to achieve its development goals by 2047.

"India is already the fifth-largest economy in the world, and soon, we will become the third-largest economy. With a growth rate of 7.3% over the first three quarters of the current fiscal year, India is demonstrating that it is on a high-growth trajectory to achieve its development goals by 2047," he said while addressing a gathering at REVA University Centre of Excellence for Geopolitics and International Studies in Bengaluru.

India aims to become a developed nation by 2047, which marks the 100th year of independence. This vision encompasses economic growth, environmental sustainability, social progress and good governance.

We are seeing an era of transformative policies: Puri

Emphasising India’s increasing global stature, he stressed that welfare reforms and domestic socio-economic successes are the reasons behind it.

"There has been a paradigmatic shift in governance in the last ten years. From the days of policy paralysis before 2014, we are now seeing an era of transformative policies that benefit the citizen directly," Puri said.

"India’s soft power—as the mother of all democracies, and the world’s largest and pluralistic—has come into sharper focus with its consensus building and ethos of mutual benefit," he added.