India's $30 Trillion Dream: Centre-State Collaboration Key to Economic Transformation by 2047

At the 'Invest Karnataka 2025 Global Investors Meet' on February 13, 2025, Union Minister Piyush Goyal outlined India's ambitious vision to become a $30 trillion economy by 2047. Emphasizing the crucial role of Centre-state collaboration, Goyal highlighted the importance of cooperative federalism in achieving this goal. The government plans to boost manufacturing, particularly in toys and footwear sectors, and leverage initiatives like the Production-Linked Incentive scheme to drive growth. With a focus on infrastructure development, including 75 new airports and 114 waterways, India aims to create a robust ecosystem for sustainable economic expansion. This vision aligns with the 'Viksit Bharat 2047' goal of transforming India into a developed nation.

Sources: India Shipping News, Economic Times, ANI