"Post budget analysis 2024 and Vision Viksit Bharat @2047" conference in held in Ahmedabad, India
The “Post Budget Analysis 2024 and Vision Viksit Bharat @ 2047” conference was held this month in Ahmedabad, India, and Anuj Sharedalal of member firm C. R. Sharedalal, was honoured to give the welcome address.
As Chairman of the Financial & Regulatory Affairs Committee on the ASSOCHAM Gujarat Council, Anuj underscored the event’s significance in exploring the intricacies of the interim union budget and its ramifications on India’s economic trajectory, highlighting that in this budget, the union government has embarked on a journey of significant expenditure reforms.
10% growth key to realising Viksit Bharat @2047
Distinguished economist, and former Deputy Director & Policy Advisor to the Bill & Melinda Gates Foundation, Dr Amir Ullah Khan, speaker at the event, pointed out that India has the potential and the opportunity to emerge as a developed nation by 2047 but needs to return to a high growth trajectory of 10% to create adequate livelihood opportunities and address other challenges to achieve the goal.
“The Economic Survey shows that India is growing at 7% year-on-year and is one of the fastest-growing economies. But, is it good enough for us? The answer is no. One of the reasons we have high unemployment is because we are not growing at 10%. We need to get back to 10% growth quickly, which given the opportunities and talent, is possible and a must to realise Viksit Bharat @2047,” Dr Khan said, addressing a diverse audience of professionals, policymakers, and industry stakeholders. He identified high unemployment levels, especially among educated youth, soaring inflation, particularly food inflation, and a dearth of quality education as the pressing challenges in its quest to become a developed nation. Dr Khan commended Finance Minister Nirmala Sitharaman for abstaining from populist measures in the interim budget. He welcomed the announcement to build 3 crore more houses for the poor and the increase in allocation for health.
In his remarks, M Nagarajan, District Collector of Mehsana and Chief Guest at the event, said, “Pathbreaking things are happening in various sectors in India. India is poised to become a $5 trillion economy by 2027. We have no doubt that the vision of Viksit Bharat @2047 will be achieved. Our hope about the future has increased our confidence that Viksit Bharat will not be a dream but a reality much before 2047.”
What is Viksit Bharat 2047?
Viksit Bharat@2047 is the vision to transform India into a developed nation by 2047, the 100th year of independence. This vision encompasses various facets of development, such as economic growth, environmental sustainability, social progress and good governance, to make India a developed nation by 2047.
About ASSOCHAM
The Associated Chambers of Commerce & Industry of India (ASSOCHAM) is the country's oldest apex chamber. It brings in actionable insights to strengthen the Indian ecosystem, leveraging its network of more than 450,000 members, of which MSMEs represent a large segment. With a strong presence in states and key cities globally, ASSOCHAM also has more than 400 associations, federations, and regional chambers in its fold. Aligned with the vision of creating a New India, ASSOCHAM is a conduit between the industry and the Government. The Chamber is an agile and forward-looking institution, leading various initiatives to enhance the global competitiveness of the Indian industry while strengthening the domestic ecosystem.
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