India's Journey to a $5 Trillion Economy: A Vision for Transformation
Key Ideas
  • Principal Secretary Dr. P.K. Mishra outlines India's vision for a $5 trillion economy to alleviate poverty and enhance infrastructure by 2047.
  • India's journey is driven by the pillars of Reform, Perform, and Transform, adapting to global economic changes and seizing opportunities.
  • Focus on sustainability with initiatives like the National Green Hydrogen Mission and commitment to non-fossil fuel capacity highlights India's leadership in clean technology.
  • Encouraging digital literacy, entrepreneurship, and ethical business practices, Dr. Mishra motivates graduates to contribute to India's growth and global impact.
At the 9th Annual Convocation of the Indian Institute of Management (IIM) Sambalpur, Dr. P.K. Mishra, Principal Secretary to the Prime Minister, emphasized India's ambitious journey towards a $5 trillion economy by 2047. Drawing inspiration from Prime Minister Narendra Modi's strategic roadmap, Dr. Mishra highlighted the importance of the 'Reform, Perform, and Transform' approach in navigating global economic shifts. India's strengths in demographics, infrastructure, technology, and strategic partnerships were underscored, positioning the country as a global innovation hub with a thriving startup ecosystem and initiatives like the Production-Linked Incentive (PLI) schemes. Dr. Mishra reiterated India's sustainability commitments, emphasizing clean technology projects like the National Green Hydrogen Mission. The speech also stressed the significance of India's digital economy, urging graduates to embrace technologies like AI, blockchain, and Industry 4.0 for industry shaping. Encouraging a focus on lifelong learning, entrepreneurship, and sustainable practices, Dr. Mishra inspired young professionals to lead with courage, resilience, and forward-thinking. Overall, Dr. Mishra's address resonates as a roadmap for India's economic transformation, emphasizing innovation, sustainability, and digital empowerment as key drivers for the nation's growth and global influence.
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