India 2047 High Income With Equity
About the Book
Pre-COVID, India had set a target to become a $10 trillion economy by 2030 the action plan for
which was outlined in my earlier volume, “India 2030”, released in December 2018. This
emphasised the need for quality growth that is job-generative, spatially dispersed, and
“India 2047” deals with macroeconomic essentials and emphasises the need for structural
transformation, organising the labour markets, increasing competitiveness, enhancing
financial and social inclusion with equitable growth, the role of federalism in inclusive growth,
imperatives for job-generation, and the importance of infrastructure development and
Despite the COVID-19 pandemic, India has remained afloat, and Prime Minister Narendra Modi
has put India in top-gear, setting an ambitious target for the country to become a developed
nation by 2047. The next 25 years are going to be critical, and he calls it Amrit Kal, during
which India will be focusing on reducing import dependence, reducing compliance costs for
small businesses, harnessing digital infrastructure and modern technologies, promoting
domestic manufacturing, and taking global leadership—the G20 being one example. This
volume aims to review progress and make recommendations to bridge gaps in line with the
new target date and objectives. It also discusses the macroeconomic essentials required to
make India a high-income country with equity
Reforms historian and author of the best-seller ModiNomics, Sameer Kochhar is
Chairman, SKOCH Group. He is a passionate advocate of social, digital, and
financial inclusion and is a foremost expert on governance and inclusive growth.
His work has been acclaimed globally and endorsed by Narendra Modi, M. Venkaiah
Naidu, Manmohan Singh, Arun Jaitley, P. Chidambaram, Yashwant Sinha,
C. Rangarajan and Montek Singh Ahluwalia.
In his thinking, writings, and activities, his profound admiration for India’s economic
reforms and, by extension, those outstanding personalities who strive to make these
reforms more meaningful and broad-based comes out clearly and unambiguously.
He has published over 17 volumes, the most notable being India 2030: A Socio-Economic
Paradigm; ModiNomics; Defeating Poverty: Jan Dhan and Beyond; and Modi’s Odyssey:
Digital India, Developed India.
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