Overview of India's economic development from 2014 to 2024, along with future projections and proposals.

Overview of India's economic development from 2014 to 2024, along with future projections and proposals. 

Economic Growth (2014-2024):

India's economic journey from 2014 to 2024 can be visualized as a steep upward climb. Picture a mountain with ten distinct peaks, each representing a year. In 2014, India stood at the base of this mountain, ranked as the 10th largest economy globally. Over the next decade, the country steadily ascended, overcoming various challenges such as demonetization, GST implementation, and the COVID-19 pandemic.

By 2024, India reached a significantly higher peak, securing its position as the 5th largest economy in the world. This ascent represents not just numerical growth but also increased global influence and domestic prosperity.

Key Milestones:

1. Digital India: Imagine a web of digital connections spreading across the country, connecting even remote villages to the global digital ecosystem.

2. Make in India: Visualize factories sprouting across the landscape, symbolizing increased domestic manufacturing and reduced dependence on imports.

3. Startup India: Picture a garden of innovative ideas blooming into successful businesses, creating jobs and driving technological advancements.

Vision for the Future (2024-2047):

The path forward can be envisioned as a bridge spanning from 2024 to 2047, with several important pillars supporting it:

1. Infrastructure Development: Imagine a network of high-speed railways, modern highways, and smart cities interconnecting the entire country.

2. Green Energy Transition: Picture vast fields of solar panels and wind turbines, powering a cleaner, more sustainable economy.

3. Education and Skill Development: Visualize a knowledge tree with branches reaching every corner of India, nurturing a highly skilled workforce.

4. Innovation and R&D: Imagine a constellation of research centers and innovation hubs, positioning India as a global leader in emerging technologies.

5. Agricultural Modernization: Picture farms transformed by technology, increasing productivity and farmer incomes.

Collective Goal:

The journey to become the world's third-largest economy can be visualized as a massive tug-of-war. On one side, you have the combined strength of all Indian citizens, states, and the central government pulling together. On the other side are the challenges and global competition. The unified effort symbolizes the importance of cooperation between states and the center, as emphasized in the NITI Aayog meeting.

Viksit Bharat @ 2047:

Imagine a grand tapestry being woven, with each thread representing a different aspect of development - economic growth, social progress, technological advancement, and environmental sustainability. The completed tapestry in 2047 would depict a developed India (Viksit Bharat), showcasing a harmonious blend of tradition and modernity.

This figurative overview presents India's journey as an inspiring narrative of growth, challenges, and aspirations. It highlights the progress made from 2014 to 2024 and paints a picture of the potential future, emphasizing the collective effort required to achieve the vision of a developed India by 2047.

Economic Growth in Figures:

1. GDP Growth: India's GDP grew from about $2.04 trillion in 2014 to approximately $3.73 trillion in 2024, nearly doubling in size.

2. Per Capita Income: The per capita income increased from around $1,610 in 2014 to about $2,600 in 2024.

3. Foreign Direct Investment (FDI): Annual FDI inflows rose from $36 billion in 2013-14 to over $80 billion by 2023-24.

Key Sector Developments:

1. Digital India:

   - Internet users increased from 243 million in 2014 to over 900 million in 2024.

   - UPI transactions grew from zero in 2016 to over 100 billion transactions annually by 2024.

2. Make in India:

   - Manufacturing sector's contribution to GDP increased from 15% in 2014 to about 18% in 2024.

   - Mobile phone production grew from 60 million units in 2014 to over 300 million units in 2024.

3. Startup India:

   - The number of recognized startups grew from about 300 in 2014 to over 100,000 by 2024.

   - India became home to over 100 unicorns (startups valued at $1 billion or more) by 2024.

Infrastructure Development:

1. Roads: The length of national highways increased from 91,287 km in 2014 to over 150,000 km in 2024.

2. Railways: High-speed rail projects initiated, with the Mumbai-Ahmedabad corridor nearing completion by 2024.

3. Airports: The number of operational airports doubled from 74 in 2014 to over 150 in 2024.

Green Energy Transition:

1. Renewable Energy Capacity: Grew from 35 GW in 2014 to over 175 GW in 2024.

2. Solar Power: Installed capacity increased from about 3 GW in 2014 to over 100 GW in 2024.

Education and Skill Development:

1. Gross Enrollment Ratio in higher education improved from 23% in 2014 to about 30% in 2024.

2. Skill India Mission trained over 50 million youth between 2015 and 2024.

Future Projections and Proposals:

1. Economic Size:

   - Aim to become a $5 trillion economy by 2027-28.

   - Target to reach $10 trillion by 2035 and potentially $30 trillion by 2047.

2. Per Capita Income:

   - Projected to reach $3,500 by 2027-28.

   - Aim for $12,000-15,000 by 2047.

3. Manufacturing:

   - Target to increase the sector's contribution to GDP to 25% by 2030.

4. Renewable Energy:

   - Aim for 450 GW of renewable energy capacity by 2030.

5. Education:

   - Target 50% Gross Enrollment Ratio in higher education by 2035.

6. Research and Development:

   - Increase R&D spending from about 0.7% of GDP in 2024 to 2% by 2030.

7. Urbanization:

   - Urban population expected to grow from about 35% in 2024 to 50% by 2047.

Key Challenges and Focus Areas:

1. Job Creation: Need to create 90 million non-farm jobs by 2030.

2. Skill Development: Reskilling and upskilling of workforce for Industry 4.0.

3. Infrastructure: Estimated investment of $1.4 trillion needed in infrastructure between 2020 and 2025.

4. Climate Change: Balancing rapid economic growth with environmental sustainability.

5. Income Inequality: Addressing the widening gap between rich and poor.

These figures and projections paint a picture of India's significant progress from 2014 to 2024 and the ambitious goals set for the future. The journey towards becoming the world's third-largest economy and achieving the vision of Viksit Bharat by 2047 will require sustained efforts in multiple sectors, continued policy reforms, and effective implementation of development programs.

Financial Inclusion and Banking:

1. Jan Dhan Yojana: Bank accounts opened increased from 15 million in 2014 to over 450 million by 2024.

2. Direct Benefit Transfer (DBT): Amount transferred through DBT grew from ₹74,000 crore in 2014-15 to over ₹6 lakh crore in 2023-24.

Agriculture and Rural Development:

1. Farm income: Government aims to double farmers' income by 2025-26 compared to 2015-16 levels.

2. Irrigation: Area under micro-irrigation increased from 4.3 million hectares in 2014 to over 10 million hectares by 2024.

3. Rural roads: Under Pradhan Mantri Gram Sadak Yojana, over 700,000 km of rural roads constructed between 2014 and 2024.

Health and Sanitation:

1. Ayushman Bharat: Provided health coverage to over 500 million beneficiaries by 2024.

2. Swachh Bharat Mission: Sanitation coverage in rural areas increased from 39% in 2014 to nearly 100% by 2024.

3. COVID-19 vaccination: Over 2 billion doses administered by 2024.

Science and Technology:

1. Space sector: ISRO's successful Chandrayaan-3 lunar mission in 2023.

2. Supercomputing: India's supercomputing capacity increased from 1 Petaflop in 2014 to over 100 Petaflops by 2024.

Defense and Security:

1. Defense exports grew from ₹1,940 crore in 2014-15 to over ₹20,000 crore in 2023-24.

2. 'Make in India' in defense: Domestic procurement increased from about 40% in 2014 to over 65% in 2024.

Tourism:

1. Foreign tourist arrivals increased from 7.7 million in 2014 to about 20 million in 2024 (pre-pandemic levels).

2. E-visa facility extended to citizens of over 160 countries by 2024.

Future Projections and Proposals:

1. Artificial Intelligence:

   - AI to add $957 billion to India's economy by 2035.

   - National AI strategy aims to make India a global AI hub by 2030.

2. Electric Vehicles:

   - Target of 30% electric vehicle sales penetration for private cars by 2030.

   - Aim for 80% for two and three-wheelers by 2030.

3. Space Sector:

   - Plans to send first Indian astronaut to space by 2025 under Gaganyaan mission.

   - Aim to capture 9% of global space market by 2030.

4. Renewable Energy:

   - Target to produce 5 million tonnes of green hydrogen annually by 2030.

   - Aim for 280 GW of solar power capacity by 2030.

5. Digital India:

   - Vision to create a trillion-dollar digital economy by 2025.

   - Target of 1.5 billion internet users by 2040.

6. Smart Cities:

   - 100 smart cities mission to be completed, aiming to impact over 100 million urban residents by 2030.

7. Blue Economy:

   - Aim to increase the share of blue economy in GDP from 4% in 2024 to 10% by 2047.

8. Quantum Technology:

   - Invest ₹8,000 crore in quantum technologies over 5 years from 2024.

Key Policy Initiatives for Future Growth:

1. National Education Policy 2020: Aims to transform the education system by 2040.

2. National Logistics Policy: Target to reduce logistics cost from 14% of GDP to 8% by 2030.

3. Gati Shakti: ₹100 lakh crore plan for holistic infrastructure development by 2024-25.

4. Atmanirbhar Bharat: Push for self-reliance across sectors.

Challenges to Address:

1. Water scarcity: Per capita water availability decreased from 1,816 cubic meters in 2001 to 1,486 cubic meters in 2021, projected to further reduce to 1,367 cubic meters by 2031.

2. Climate change: India aims to reduce its carbon intensity by 45% from 2005 levels by 2030.

3. Demographic dividend: Need to create 10-12 million jobs annually to absorb the growing workforce.

4. Regional disparities: Address development gaps between states and between rural and urban areas.

5. Gender parity: Increase female labor force participation from about 25% in 2024 to global average of 48%.

These additional figures and projections further illustrate the multifaceted nature of India's development journey. The country has made significant strides across various sectors from 2014 to 2024, and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend.

Financial Inclusion and Banking:

1. Jan Dhan Yojana: Bank accounts opened increased from 15 million in 2014 to over 450 million by 2024.

2. Direct Benefit Transfer (DBT): Amount transferred through DBT grew from ₹74,000 crore in 2014-15 to over ₹6 lakh crore in 2023-24.

Agriculture and Rural Development:

1. Farm income: Government aims to double farmers' income by 2025-26 compared to 2015-16 levels.

2. Irrigation: Area under micro-irrigation increased from 4.3 million hectares in 2014 to over 10 million hectares by 2024.

3. Rural roads: Under Pradhan Mantri Gram Sadak Yojana, over 700,000 km of rural roads constructed between 2014 and 2024.

Health and Sanitation:

1. Ayushman Bharat: Provided health coverage to over 500 million beneficiaries by 2024.

2. Swachh Bharat Mission: Sanitation coverage in rural areas increased from 39% in 2014 to nearly 100% by 2024.

3. COVID-19 vaccination: Over 2 billion doses administered by 2024.

Science and Technology:

1. Space sector: ISRO's successful Chandrayaan-3 lunar mission in 2023.

2. Supercomputing: India's supercomputing capacity increased from 1 Petaflop in 2014 to over 100 Petaflops by 2024.

Defense and Security:

1. Defense exports grew from ₹1,940 crore in 2014-15 to over ₹20,000 crore in 2023-24.

2. 'Make in India' in defense: Domestic procurement increased from about 40% in 2014 to over 65% in 2024.

Tourism:

1. Foreign tourist arrivals increased from 7.7 million in 2014 to about 20 million in 2024 (pre-pandemic levels).

2. E-visa facility extended to citizens of over 160 countries by 2024.

Future Projections and Proposals:

1. Artificial Intelligence:

   - AI to add $957 billion to India's economy by 2035.

   - National AI strategy aims to make India a global AI hub by 2030.

2. Electric Vehicles:

   - Target of 30% electric vehicle sales penetration for private cars by 2030.

   - Aim for 80% for two and three-wheelers by 2030.

3. Space Sector:

   - Plans to send first Indian astronaut to space by 2025 under Gaganyaan mission.

   - Aim to capture 9% of global space market by 2030.

4. Renewable Energy:

   - Target to produce 5 million tonnes of green hydrogen annually by 2030.

   - Aim for 280 GW of solar power capacity by 2030.

5. Digital India:

   - Vision to create a trillion-dollar digital economy by 2025.

   - Target of 1.5 billion internet users by 2040.

6. Smart Cities:

   - 100 smart cities mission to be completed, aiming to impact over 100 million urban residents by 2030.

7. Blue Economy:

   - Aim to increase the share of blue economy in GDP from 4% in 2024 to 10% by 2047.

8. Quantum Technology:

   - Invest ₹8,000 crore in quantum technologies over 5 years from 2024.

Key Policy Initiatives for Future Growth:

1. National Education Policy 2020: Aims to transform the education system by 2040.

2. National Logistics Policy: Target to reduce logistics cost from 14% of GDP to 8% by 2030.

3. Gati Shakti: ₹100 lakh crore plan for holistic infrastructure development by 2024-25.

4. Atmanirbhar Bharat: Push for self-reliance across sectors.

Challenges to Address:

1. Water scarcity: Per capita water availability decreased from 1,816 cubic meters in 2001 to 1,486 cubic meters in 2021, projected to further reduce to 1,367 cubic meters by 2031.

2. Climate change: India aims to reduce its carbon intensity by 45% from 2005 levels by 2030.

3. Demographic dividend: Need to create 10-12 million jobs annually to absorb the growing workforce.

4. Regional disparities: Address development gaps between states and between rural and urban areas.

5. Gender parity: Increase female labor force participation from about 25% in 2024 to global average of 48%.

These additional figures and projections further illustrate the multifaceted nature of India's development journey. The country has made significant strides across various sectors from 2014 to 2024, and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend.

Education and Skill Development:

1. Gross Enrollment Ratio (GER) in higher education increased from 23.2% in 2014-15 to about 27.1% in 2019-20, with a target of 50% by 2035.

2. Number of universities increased from 723 in 2014-15 to over 1,000 by 2024.

3. Skill India Mission aimed to train 400 million people by 2022, with actual figures reaching about 250 million by 2024.

Digital Infrastructure:

1. BharatNet project: Aimed to connect all 250,000+ gram panchayats with broadband by 2024.

2. Digital payments: UPI transactions value increased from ₹6.9 trillion in FY 2018-19 to over ₹100 trillion in FY 2023-24.

3. Aadhaar: Coverage reached over 99% of adult population by 2024.

Healthcare:

1. Life expectancy increased from 68.3 years in 2014 to about 70.8 years by 2024.

2. Infant mortality rate decreased from 39 per 1,000 live births in 2014 to around 28 by 2024.

3. Health insurance: Ayushman Bharat scheme aimed to cover 500 million beneficiaries by 2024.

Agriculture:

1. Food grain production increased from 265.04 million tonnes in 2013-14 to over 300 million tonnes by 2023-24.

2. Organic farming: Area under organic cultivation increased from 0.72 million hectares in 2013-14 to over 3 million hectares by 2024.

3. Agricultural exports grew from $39 billion in 2013-14 to about $50 billion by 2023-24.

Energy Sector:

1. Installed power capacity increased from 248 GW in 2014 to over 400 GW by 2024.

2. LED bulb distribution: Under UJALA scheme, over 360 million LED bulbs distributed by 2024, saving about 47 billion kWh of electricity annually.

3. LPG connections: Under Ujjwala scheme, over 80 million new connections provided to BPL families by 2024.

Entrepreneurship and Innovation:

1. Ease of Doing Business ranking improved from 142 in 2014 to 63 in 2019, with further improvements by 2024.

2. Patent filings increased from 42,763 in 2014-15 to over 100,000 by 2023-24.

3. Global Innovation Index ranking improved from 76 in 2014 to the top 40 by 2024.

Future Projections and Proposals:

1. Smart Manufacturing:

   - Aim to increase the share of smart manufacturing in GDP from 0.8% in 2024 to 5% by 2030.

   - Target to create 4 million jobs in smart manufacturing by 2035.

2. 5G and 6G Technology:

   - 5G to contribute $450 billion to Indian economy by 2040.

   - Plans to develop indigenous 6G technology by 2030.

3. Space Economy:

   - Indian space economy projected to grow from $7 billion in 2019 to $50 billion by 2024.

   - Aim to launch a space station by 2035.

4. Biotechnology:

   - Target to achieve $150 billion bioeconomy by 2025.

   - Aim to be among top 5 global biotech destinations by 2025.

5. Circular Economy:

   - Vision to achieve 50% circularity in key sectors by 2040.

   - Potential to create 14 million jobs in circular economy by 2030.

6. Green Hydrogen:

   - Target production cost of $1 per kg by 2030.

   - Aim for 25% replacement of grey hydrogen with green hydrogen by 2030.

7. Semiconductor Manufacturing:

   - $10 billion incentive scheme to boost semiconductor manufacturing.

   - Aim to meet 80% of domestic semiconductor demand locally by 2030.

Key Challenges and Focus Areas:

1. Income Inequality: Gini coefficient (measure of income inequality) stood at 35.7 in 2011, projected to increase to 39.0 by 2030 without intervention.

2. Urban Housing: Shortage of 18.78 million houses in urban areas in 2012, with projected need of 25 million affordable houses by 2030.

3. Air Pollution: 21 of the world's 30 most polluted cities were in India in 2019. Aim to reduce PM2.5 levels in all cities below National Ambient Air Quality Standards by 2024.

4. Water Stress: About 600 million people face high to extreme water stress. Aim to provide potable water to all households by 2024 under Jal Jeevan Mission.

5. Digital Divide: Rural internet penetration at 32.2% compared to 66.4% urban penetration in 2021. Aim to bridge this gap by 2030.

6. Healthcare Infrastructure: Increase healthcare spending from 1.8% of GDP in 2020-21 to 2.5% by 2025.

These additional figures and projections further illustrate the complex and multifaceted nature of India's development journey. The country has made significant progress in various sectors from 2014 to 2024 and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend. The path to becoming a developed nation by 2047 will involve balancing rapid economic growth with sustainable development, social equity, and environmental protection.

Infrastructure Development:

1. Metro Rail: Operational metro network increased from about 250 km in 2014 to over 750 km by 2024, covering 18 cities.

2. Ports: Cargo handling capacity of major ports increased from 800 million tonnes in 2014 to over 1,500 million tonnes by 2024.

3. Waterways: Length of operational inland waterways increased from 3,700 km in 2014 to over 10,000 km by 2024.

Financial Services:

1. Insurance penetration (premium as % of GDP) increased from 3.3% in 2014 to about 4.2% by 2024.

2. Mutual fund Assets Under Management (AUM) grew from ₹10 lakh crore in 2014 to over ₹40 lakh crore by 2024.

3. Number of demat accounts increased from 2.3 crore in 2014 to over 10 crore by 2024.

Exports and Trade:

1. Merchandise exports increased from $314 billion in 2013-14 to about $450 billion in 2023-24.

2. Services exports grew from $151 billion in 2013-14 to over $300 billion by 2023-24.

3. Share in global merchandise exports increased from 1.7% in 2014 to about 2.5% by 2024.

Urbanization:

1. Urban population increased from 31% in 2011 to about 35% by 2024.

2. Number of cities with population over 1 million increased from 53 in 2011 to about 65 by 2024.

3. Smart Cities Mission: 100 cities selected for transformation, with over 5,000 projects worth ₹2 lakh crore initiated by 2024.

Environment and Climate Change:

1. Forest cover increased from 21.34% in 2015 to about 22% by 2024.

2. Renewable energy share in total installed capacity increased from 13% in 2014 to over 40% by 2024.

3. Electric vehicle sales grew from negligible in 2014 to over 1 million units annually by 2024.

Science and Technology:

1. R&D expenditure as % of GDP increased from 0.7% in 2014 to about 0.8% by 2024.

2. Number of scientific publications increased from 98,000 in 2014 to over 200,000 by 2024.

3. India's ranking in Global Innovation Index improved from 76 in 2014 to top 40 by 2024.

Future Projections and Proposals:

1. Artificial Intelligence:

   - AI to contribute $957 billion to India's economy by 2035.

   - 20% of India's workforce to be in AI-related jobs by 2035.

2. Quantum Computing:

   - Aim to develop a 1,000 qubit quantum computer by 2030.

   - Target to train 100,000 professionals in quantum technologies by 2030.

3. Robotics and Automation:

   - Industrial robot density to increase from 99 per 10,000 employees in 2021 to 300 by 2030.

   - Automation to impact 60-65% of jobs in India by 2030.

4. Blockchain Technology:

   - Blockchain market in India projected to grow from $289 million in 2019 to $4.3 billion by 2025.

   - Government aims to implement blockchain in 50% of public services by 2030.

5. Internet of Things (IoT):

   - IoT market in India expected to reach $15 billion by 2025.

   - Target to deploy 1 billion IoT devices by 2030.

6. Space Technology:

   - Aim to launch India's first crewed space mission (Gaganyaan) by 2025.

   - Target to establish India's space station by 2035.

7. Biotechnology and Genomics:

   - Bioeconomy to reach $150 billion by 2025 and $300 billion by 2030.

   - Aim to sequence genomes of 20,000 Indians to create a reference database by 2030.

Key Policy Initiatives for Future Growth:

1. New Education Policy 2020: Aims to increase Gross Enrolment Ratio in higher education to 50% by 2035.

2. National Hydrogen Mission: Target to produce 5 million tonnes of green hydrogen annually by 2030.

3. Deep Ocean Mission: ₹4,077 crore plan to explore and harness deep ocean resources by 2026.

4. National Digital Health Mission: Aim to create a unified health ID for every citizen by 2030.

Challenges to Address:

1. Skill Gap: 53% of Indian businesses report skill gaps in the workforce. Need to reskill 400 million workers by 2030.

2. Income Disparity: Top 10% of India's population held 77% of total national wealth in 2019. Need for more inclusive growth.

3. Urbanization: Urban population projected to reach 40% by 2030, requiring significant infrastructure development.

4. Climate Change: India needs $2.5 trillion by 2030 to meet its climate change mitigation goals.

5. Healthcare: Need to increase healthcare spending from 1.8% of GDP in 2020-21 to at least 2.5% by 2025.

These additional figures and projections further illustrate the complex and multifaceted nature of India's development journey. The country has made significant strides in various sectors from 2014 to 2024 and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend. The path to becoming a developed nation by 2047 will involve balancing rapid economic growth with sustainable development, social equity, and environmental protection.

Agriculture and Rural Development:

1. Agricultural productivity (yield of food grains) increased from 2,070 kg/hectare in 2013-14 to about 2,300 kg/hectare by 2023-24.

2. Micro-irrigation coverage expanded from 8.5 million hectares in 2015 to over 15 million hectares by 2024.

3. Rural electrification: Nearly 100% of villages electrified by 2024, up from 96% in 2014.

Telecommunication:

1. Telecom subscribers increased from 933 million in 2014 to over 1.2 billion by 2024.

2. Internet subscribers grew from 251 million in 2014 to over 900 million by 2024.

3. Average data consumption per user per month increased from 0.26 GB in 2014 to over 15 GB by 2024.

Manufacturing:

1. Automobile production increased from 23.4 million units in 2014-15 to over 30 million units by 2023-24.

2. Electronics manufacturing value increased from $29 billion in 2014-15 to over $100 billion by 2023-24.

3. Textile exports grew from $37 billion in 2013-14 to about $50 billion by 2023-24.

Education:

1. Gross Enrollment Ratio in higher education increased from 23.2% in 2014-15 to about 28% by 2023-24.

2. Number of IITs increased from 16 in 2014 to 23 by 2024.

3. School dropout rate at secondary level decreased from 17.86% in 2014-15 to about 10% by 2023-24.

Healthcare:

1. Number of medical colleges increased from 381 in 2014 to over 600 by 2024.

2. Doctor-population ratio improved from 1:1,674 in 2014 to about 1:1,000 by 2024.

3. Maternal Mortality Ratio decreased from 167 per 100,000 live births in 2011-13 to about 100 by 2023-24.

Renewable Energy:

1. Solar power capacity increased from 2.6 GW in 2014 to over 100 GW by 2024.

2. Wind power capacity grew from 21 GW in 2014 to over 60 GW by 2024.

3. Bioenergy capacity increased from 4.4 GW in 2014 to about 15 GW by 2024.

Future Projections and Proposals:

1. Smart Cities:

   - 100 smart cities to be fully operational by 2030.

   - Smart city market in India to reach $50 billion by 2025.

2. Waste Management:

   - Aim to process 100% of municipal solid waste by 2031.

   - Target to recycle 50% of e-waste by 2030.

3. Sustainable Transportation:

   - Electric vehicles to account for 30% of private car sales by 2030.

   - Aim for 50% of public transport in major cities to be electric by 2030.

4. Digital Economy:

   - Digital economy to contribute 20% to GDP by 2025.

   - Aim for 1 billion digital transactions per day by 2030.

5. Food Processing:

   - Target to increase the share of processed food exports from 7% in 2020 to 25% by 2030.

   - Aim to reduce post-harvest losses from 15% to 5% by 2030.

6. Defense Manufacturing:

   - Target to achieve $25 billion in defense production by 2025.

   - Aim for 70% of defense procurement to be from domestic sources by 2030.

7. Blue Economy:

   - Aim to increase the contribution of blue economy to GDP from 4% in 2022 to 10% by 2030.

   - Target to develop 10 major ports as smart ports by 2030.

Key Policy Initiatives for Future Growth:

1. National Logistics Policy: Aim to reduce logistics cost from 14% of GDP to 8% by 2030.

2. New Space Policy: To boost private sector participation in space industry.

3. National Strategy for Artificial Intelligence: To make India a global AI hub by 2030.

4. Cyber Security Strategy: To secure India's cyberspace and boost digital economy.

Challenges to Address:

1. Water Scarcity: 600 million people face high to extreme water stress. Need to increase water use efficiency by 20% by 2030.

2. Youth Unemployment: Unemployment rate for youth (15-29 years) at 12.9% in 2018-19. Need to create 90 million non-farm jobs by 2030.

3. Digital Divide: Rural internet users at 38% compared to 78% in urban areas in 2021. Aim to bridge this gap by 2030.

4. Gender Parity: Female labor force participation rate at 24.5% in 2018-19. Target to increase it to global average of 48% by 2030.

5. Research and Development: R&D spending at 0.7% of GDP in 2018-19. Aim to increase it to 2% of GDP by 2030.

These additional figures and projections further illustrate the multifaceted nature of India's development journey. The country has made significant progress in various sectors from 2014 to 2024 and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend. The path to becoming a developed nation by 2047 will involve balancing rapid economic growth with sustainable development, social equity, and environmental protection.

Foreign Direct Investment (FDI):

1. Cumulative FDI inflows increased from $252 billion (2000-2014) to over $500 billion (2014-2024).

2. FDI equity inflows grew from $24.3 billion in 2013-14 to about $50 billion by 2023-24.

3. Services sector attracted the highest FDI, followed by computer software and hardware, and telecommunications.

Startup Ecosystem:

1. Number of recognized startups increased from 452 in 2016 to over 100,000 by 2024.

2. Unicorns (startups valued at $1 billion or more) grew from 9 in 2015 to over 100 by 2024.

3. Startup funding increased from $5.2 billion in 2015 to over $30 billion annually by 2024.

Financial Inclusion:

1. Bank accounts opened under Jan Dhan Yojana increased from 15 million in 2014 to over 450 million by 2024.

2. Number of bank branches per 100,000 adults increased from 13.6 in 2014 to about 15.5 by 2024.

3. ATM density improved from 18 per 100,000 adults in 2014 to about 25 by 2024.

Sanitation and Hygiene:

1. Open defecation-free villages increased from 39% in 2014 to nearly 100% by 2024 under Swachh Bharat Mission.

2. Solid waste processing increased from 18% in 2014 to over 70% by 2024.

3. Access to safe drinking water improved from 40% in 2014 to about 85% by 2024 under Jal Jeevan Mission.

Sports:

1. Medal tally in Asian Games increased from 57 in 2014 to over 70 in 2022.

2. Olympic medals increased from 6 in 2012 to 7 in 2021 (Tokyo Olympics).

3. Government spending on sports increased from ₹1,219 crore in 2014-15 to over ₹3,000 crore by 2023-24.

Tourism:

1. Foreign tourist arrivals increased from 7.7 million in 2014 to about 20 million by 2024 (pre-pandemic levels).

2. Foreign exchange earnings from tourism grew from $19.7 billion in 2014 to over $30 billion by 2024.

3. Number of UNESCO World Heritage sites in India increased from 32 in 2014 to 40 by 2024.

Future Projections and Proposals:

1. Space Economy:

   - Indian space economy projected to grow from $7 billion in 2019 to $50 billion by 2030.

   - Aim to capture 9% of global space market by 2030.

2. Artificial Intelligence:

   - AI to add $957 billion to India's economy by 2035.

   - 20% of workforce to be employed in AI-related jobs by 2035.

3. Semiconductor Manufacturing:

   - Aim to meet 80% of domestic semiconductor demand locally by 2030.

   - Target to create 100,000 direct jobs in semiconductor manufacturing by 2030.

4. Green Hydrogen:

   - Target production of 5 million tonnes of green hydrogen annually by 2030.

   - Aim to reduce cost of green hydrogen to $1 per kg by 2030.

5. Electric Vehicles:

   - Target 30% of private cars to be electric by 2030.

   - Aim for 80% of two and three-wheelers to be electric by 2030.

6. Circular Economy:

   - Potential to create 14 million jobs in circular economy by 2030.

   - Aim to achieve 50% circularity in key sectors by 2040.

7. Quantum Technology:

   - Target to develop a 1,000 qubit quantum computer by 2030.

   - Aim to train 100,000 professionals in quantum technologies by 2030.

Key Policy Initiatives for Future Growth:

1. National Education Policy 2020: Aim to increase Gross Enrolment Ratio in higher education to 50% by 2035.

2. National Green Hydrogen Mission: Target 5 million tonnes of green hydrogen production annually by 2030.

3. Gati Shakti: ₹100 lakh crore plan for holistic infrastructure development by 2024-25.

4. National Artificial Intelligence Strategy: To position India as a global AI hub by 2030.

Challenges to Address:

1. Climate Change: India needs $2.5 trillion by 2030 to meet its climate change mitigation goals.

2. Skill Gap: 53% of Indian businesses report skill gaps. Need to reskill 400 million workers by 2030.

3. Healthcare Infrastructure: Increase healthcare spending from 1.8% of GDP in 2020-21 to 2.5% by 2025.

4. Urban Housing: Projected need of 25 million affordable houses in urban areas by 2030.

5. Digital Divide: Aim to achieve 100% internet penetration in both rural and urban areas by 2030.

These additional figures and projections further illustrate the complex and multifaceted nature of India's development journey. The country has made significant strides in various sectors from 2014 to 2024 and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend. The path to becoming a developed nation by 2047 will involve balancing rapid economic growth with sustainable development, social equity, and environmental protection.

Digital Economy:

1. Digital transactions increased from 1,004 crore in FY 2016-17 to over 8,840 crore in FY 2023-24.

2. E-commerce market grew from $39 billion in 2017 to over $200 billion by 2024.

3. Number of active internet users increased from 445 million in 2017 to over 900 million by 2024.

Pharmaceuticals and Healthcare:

1. India's share in global pharmaceutical exports increased from 2.4% in 2014 to about 3.5% by 2024.

2. Number of AIIMS (All India Institute of Medical Sciences) increased from 7 in 2014 to 22 by 2024.

3. Telemedicine consultations grew from negligible in 2014 to over 100 million annually by 2024.

Clean Energy Transition:

1. Solar power tariffs decreased from ₹7-8/kWh in 2014 to less than ₹2/kWh by 2024.

2. Electric vehicle sales increased from about 22,000 units in 2015-16 to over 1 million units annually by 2024.

3. LED bulb distribution under UJALA scheme reached over 360 million by 2024, saving 47 billion kWh annually.

Agriculture and Food Processing:

1. Food grain production increased from 265 million tonnes in 2013-14 to over 300 million tonnes by 2023-24.

2. Horticulture production grew from 277 million tonnes in 2013-14 to over 350 million tonnes by 2023-24.

3. Food processing capacity increased from 10% of agriculture produce in 2014 to about 20% by 2024.

Science and Technology:

1. Number of patents filed annually increased from 42,763 in 2014-15 to over 100,000 by 2023-24.

2. India's ranking in Global Innovation Index improved from 76 in 2014 to top 40 by 2024.

3. Number of scientific publications increased from 98,000 in 2014 to over 200,000 by 2024.

Women Empowerment:

1. Women's enrollment in higher education increased from 23.5% in 2014-15 to about 27% by 2023-24.

2. Percentage of women in formal workforce increased from 23% in 2014 to about 30% by 2024.

3. Number of women entrepreneurs supported under Stand-Up India scheme reached over 100,000 by 2024.

Future Projections and Proposals:

1. Artificial Intelligence in Healthcare:

   - AI in Indian healthcare market to reach $11.78 billion by 2025.

   - AI to help bridge 80% of the healthcare accessibility gap in rural India by 2030.

2. Quantum Computing:

   - India aims to be among top 3 countries in quantum communication by 2030.

   - Target to develop a quantum computer with 50+ qubits by 2030.

3. Space Technology:

   - Indian space economy projected to reach $50 billion by 2030.

   - Aim to launch India's first crewed space mission by 2025.

4. Nanotechnology:

   - Nanotechnology market in India projected to reach $8 billion by 2025.

   - Aim to create 1 million skilled jobs in nanotechnology sector by 2030.

5. Biotechnology:

   - Indian biotech industry projected to reach $150 billion by 2025.

   - Aim to be among top 5 global biotech destinations by 2025.

6. Renewable Energy:

   - Target of 450 GW renewable energy capacity by 2030.

   - Aim for 40% of energy from non-fossil fuel sources by 2030.

7. Smart Cities:

   - 100 smart cities to impact over 100 million urban residents by 2030.

   - Smart city market in India to reach $50 billion by 2025.

Key Policy Initiatives for Future Growth:

1. National Hydrogen Energy Mission: Aim to produce 5 million tonnes of green hydrogen annually by 2030.

2. Digital India 2.0: Target to create a trillion-dollar digital economy by 2025.

3. National Strategy for Additive Manufacturing: Aim to achieve 5% of global 3D printing market share by 2025.

4. Cyber Security Strategy 2020: To secure India's cyberspace and boost digital economy.

Challenges to Address:

1. Water Scarcity: Need to increase water-use efficiency by 20% by 2030.

2. Air Pollution: Aim to reduce PM2.5 levels in all cities below National Ambient Air Quality Standards by 2024.

3. Plastic Waste: Target to phase out single-use plastics by 2022 and manage 100% of plastic waste by 2030.

4. Digital Literacy: Aim to achieve 90% digital literacy among adult population by 2030.

5. Malnutrition: Target to reduce stunting in children under 5 years from 34.7% in 2019-20 to 25% by 2030.

These additional figures and projections further illustrate the multifaceted nature of India's development journey. The country has made significant progress in various sectors from 2014 to 2024 and has set ambitious targets for the future. Achieving these goals will require addressing several challenges, implementing innovative policies, and leveraging India's strengths in areas like digital technology, renewable energy, and its demographic dividend. The path to becoming a developed nation by 2047 will involve balancing rapid economic growth with sustainable development, social equity, and environmental protection.