Saturday, 12 July 2025
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BusinessIndia

India 2047: Workforce Growth and Economic Ambitions

  • NSA Ajit Doval envisions India’s GDP rising eightfold to $32 trillion by 2047.
  • He foresees a highly skilled 1.1 billion-strong workforce leading global innovation.
  • Technological self-reliance and demographic strength are key to this transformation.

In a forward-looking address at IIT Madras, National Security Advisor Ajit Doval laid out a powerful vision for India‘s economic and strategic future.

Contrasting India’s trajectory with global rivals, Doval highlighted China’s looming demographic challenges, stating that its workforce may shrink drastically by 2047.

India’s Century Leap: Doval Predicts Economic Boom and Demographic Edge by 2047

India’s economic optimism is not unfounded. Global analysts acknowledge the country’s digital revolution, policy reforms, and manufacturing push as strong catalysts. Initiatives like “Make in India” and the Digital India mission have begun laying the groundwork for long-term productivity gains, even as India eyes leadership in sectors such as semiconductors, green energy, and artificial intelligence.

The youth, which form the bulk of India’s population, are central to this growth narrative. Doval projected that by 2047, over 1.1 billion Indians will be of working age—a potential unmatched by any other nation. This offers a rare opportunity to build a world-class knowledge economy, provided the country continues investing in education, reskilling, and innovation ecosystems.

Security and technology were also emphasized as cornerstones of India’s rise. Citing the swift and precise execution of “Operation Sindoor,” Doval highlighted how modern warfare and national resilience now depend on technological sophistication. As threats evolve, so must India’s ability to defend and adapt through indigenous development and strategic foresight.

The comparison with China served not only to contrast trajectories but also to emphasize India’s unique civilisational and spiritual strengths. Doval noted that beyond GDP, India’s democratic values, social harmony, and cultural identity will play pivotal roles in shaping its global influence.

India’s march toward becoming a $32 trillion economy by 2047 is more than a projection—it’s a national mission rooted in demographic strength, innovation, and visionary leadership.

“The future depends on what you do today.” — Mahatma Gandhi

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