Innovation, Investment, and Infusion: India's Path to Viksit Bharat by 2047
India needs to progress on many dimensions to attain its goal of Viksit Bharat by 2047. As per World Bank's recent white paper titled "World Development Report 2024", there are three dimensions along which a developing economy is to grow, escape the middle-income trap and become a developed country with an average per capita income of its citizens approaching the level in today's developed nations. These three dimensions are Investment, Infusion and Innovation. A large & diverse country like India must progress on all three dimensions simultaneously. Further, Innovation is a multi-dimensional phenomenon. It must function on all 4 domains – science & technology, economics & business, society & governance, art & culture. It must be both disruptive & accretive in each domain. While we seek disruptive and accretive innovations that will make India a technological and economic superpower, we must also ensure India shows the world that prosperi