India's Sustainable Development Path Towards 2047: Economist Shamika Ravi's Vision
Key Ideas
- India aims to achieve developed nation status by 2047 through a sustainable approach focusing on equity and environmental responsibility.
- Key environmental goals include transitioning to all-electric vehicle sales by 2035 and promoting green hydrogen and electrification in heavy industries.
- Economist Shamika Ravi emphasizes the importance of engaging youth, promoting initiatives like the LiFE project for sustainable growth.
- India's shift towards green development sets a new model for sustainable economic growth in the developing world, showcasing a departure from traditional industrialization patterns.
In a recent event in New Delhi, economist Shamika Ravi outlined India's ambitious plan to achieve developed nation status by 2047 through a sustainable growth model. This vision, part of the government's Viksit Bharat @2047 initiative, focuses on equitable growth and environmental responsibility, diverging from the 'growth at all costs' strategy adopted by some OECD countries. The plan includes targets like expanding GDP to USD 30 trillion by 2047 and significant environmental goals such as transitioning to all-electric vehicle sales by 2035 and promoting green hydrogen adoption in heavy industries. Ravi stressed the need to involve India's youth in achieving these goals, encouraging innovation and risk-taking to develop scalable solutions. Initiatives like the LiFE project, aiming to cultivate environment-friendly behavior from a young age, are seen as essential for sustainable progress. India's commitment to a green transition positions it as a model for sustainable economic growth, especially in the developing world, showcasing a shift away from traditional industrialization patterns and a focus on long-term sustainability.
Topics
India
Innovation
Net Zero Emissions
Youth Empowerment
Green Energy
Environmental Sustainability
Sustainable Development
Economic Growth
Low Per Capita Income
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