Intro – The renowned economist addressed ASSOCHAM’s “Post budget analysis 2024 and Vision Viksit Bharat @2047” in Ahmedabad
Ahmedabad, February : India has the potential and the opportunity to emerge as a developed nation by 2047 and needs to return to a high growth trajectory of 10% to create adequate livelihood opportunities and address other challenges to achieve the goal, according to distinguished economist Dr Amir Ullah Khan.
Dr Khan, formerly associated with the Bill & Melinda Gates Foundation as Deputy Director & Policy Advisor, was speaking at ASSOCHAM’s event on “Post Budget Analysis 2024 and Vision Viksit Bharat @2047” in Ahmedabad on Friday evening.
“The Economic Survey shows that India is growing at 7% year-on-year and is one of the fastest-growing economies. But, is it good enough for us? The answer is no. One of the reasons we have high unemployment is because we are not growing at 10%. We need to get back to 10% growth quickly, which given the opportunities and talent, is possible and a must to realise Viksit Bharat @2047,” Dr Khan said, addressing a diverse audience of professionals, policymakers, and industry stakeholders.
He identified high unemployment levels, especially among educated youth, soaring inflation, particularly food inflation, and a dearth of quality education as the pressing challenges in its quest to become a developed nation. Dr Khan commended Finance Minister Nirmala Sitharaman for abstaining from populist measures in the interim budget. He welcomed the announcement to build 3 crore more houses for the poor and the increase in allocation for health.
In his remarks, M Nagarajan, District Collector of Mehsana and Chief Guest at the event, said, “Pathbreaking things are happening in various sectors in India. India is poised to become a $5 trillion economy by 2027. We have no doubt that the vision of Viksit Bharat @2047 will be achieved. Our hope about the future has increased our confidence that Viksit Bharat will not be a dream but a reality much before 2047.”
Anuj Sharedalal, Chairman of Financial & Regulatory Affairs Committee, ASSOCHAM Gujarat Council, underscored the event’s significance in exploring the intricacies of the interim union budget and its ramifications on India’s economic trajectory. He said that the union government has embarked on a journey of significant expenditure reforms with the budget.
Nakul Sharedalal, Chairman of IPR Committee, ASSOCHAM Gujarat Council, delivered the vote of thanks and encapsulated the spirit of collaboration and commitment towards realising the collective vision of a prosperous and developed India by 2047.
CRS Consulting, KGMS Broking & Research Private Limited, and MGI Worldwide were the event partners.