Towards a Viksit Bharat:
Building inclusive and sustainable infrastructure for India’s future

This report focuses on how the government aims to transform India into a fully developed nation by 2047, marking 100 years of independence.

Key highlights:

1. A central goal of Viksit Bharat 2047 is to create a USD 30 trillion economy with a per capita income of USD 18,000 to USD 20,000, supported by strong public finances and a resilient financial sector.
2. In the Interim Budget 2024-25, the capital investment outlay for infrastructure increased by 11.1% to INR 11.11 lakh crore (USD 133.86 billion), representing 3.4% of the GDP.
3. The budget for infrastructure-related ministries grew from USD 3.7 trillion in 2023 to USD 5 trillion in 2024, offering private sector investment opportunities in India across multiple segments.
4. In a bid to drive the country towards renewable port energy, India plans to source 60% of port energy from renewables by 2030 and 90% by 2047, aiming for 90% electrification of port equipment by 2047.
5. Ambitious targets include establishing a 200,000-kilometer national highway grid by 2025, increasing the number of airports to 220, operationalising 23 waterways by 2030, and developing 35 multi-modal logistics parks (MMLPs).
6. The Bharatmala Pariyojana aims to develop 34,800 km of national highways, while under the Sagarmala scheme, port turnaround times have been reduced to 0.9 days, with plans to increase port capacity from 2,600 MTPA to over 10,000 MTPA by 2047.
7. The National Infrastructure Pipeline (NIP) has expanded from 6,835 to over 9,000 projects across 34 subsectors, requiring an estimated USD 1.4 trillion investment. NIP aims to complete USD 1.4 trillion worth of projects by 2025, with 21% private sector investment, including green infrastructure in India, renewable energy, and sustainable urban mobility.
8. Under the Viksit Bharat@2047 initiative, the government is committed to increasing its non-fossil energy capacity to 500 GW by 2030, meeting 50% of its energy requirements from renewable energy by 2030, reducing the total projected carbon emissions by one billion tonnes by 2030, reducing the carbon intensity of its economy by less than 45%, and achieving the target of Net Zero by 2070.