NITI Aayog Releases Three Reports on Viksit Bharat 2047

NITI Aayog released three study reports outlining a roadmap towards Viksit Bharat 2047 and India’s Net Zero target. The reports assess macroeconomic implications and financing requirements for the transition.

Viksit Bharat 2047 & Net Zero Roadmap:

Dimension	Key Details
Vision 2047	Provides for transforming India into a developed country and a USD 30 trillion economy by 2047
Net Zero Commitment	Provides for achieving Net Zero greenhouse gas emissions by 2070
GDP Impact	Net Zero pathways have limited long-term impact on GDP resilience
Growth Structure	Provides for structural shift from consumption-led to capital-intensive investment-led growth
Industrial Output	Industry GVA projected to rise to about 33% by 2050 driven by clean energy and manufacturing
Fossil Fuel Sector	Fossil fuel-based manufacturing projected to contract under Net Zero pathways
Employment Transition	Jobs shift from fossil fuels to renewables, construction, transport and clean manufacturing
Import Dependence	Fuel import bill projected to decline from 4% of GDP to 0.2% by 2070
Sustainability Strategy	Provides for scaling traditional low-carbon practices through Mission LiFE and circular economy approaches
Infrastructure Focus	Provides for frontloading investment in grids, urban infrastructure, EVs and logistics
Green Jobs Strategy	Provides for reskilling and promotion of labour-intensive green sectors with Green-Digital Skills Stack
R&D Support	Provides for increased public-private R&D to accelerate clean technology innovation
Institutional Reform	Provides for DISCOM reforms, regulatory simplification and single-window clearances