He said ‘Viksit Bharat’ is not necessarily just being a prosperous country, but also an inclusive nation that will have a “rising tide which lifts all the boats.”He said the country is expected to become a USD 30 trillion economy by 2047, surpassing the present size of the US and Chinese economies.Research and innovation are crucial for becoming a modern developed economy, he said.With the vast base that has been created in the last 10 years, India has probably become a huge hub for fintech innovation, Subrahmanyam said.Talking about the transformation in the country during the last decade, he said there will be a drinking water supply in every village by the end of next year.”Every house is connected with electricity supply. There is a road to every village. We have housing which is being built at a rapid pace,” he said.In the last 10 years, 25 crore people have escaped “acute poverty”, he said, also highlighting the transformation in highways, railways (including Vande Bharat trains) and others in the country.He also said India can be a leader in climate change as the technologies to address the issue have not yet been invented fully.Observing that most countries in the west have developed stable economies which have to be “rewired and re-engineered” for a green future.He said such re-engineering is not required in a large part of India and climate-friendly mobility and power systems can be developed.The government’s missions, such as those related to AI and semiconductor are aimed at keeping the country ahead in the concerned areas, he said.India is going to be a powerful nation in terms of its innovative capabilities, he said.He also said NITI Aayog is preparing visions for the country, preparing economic plans for cities and trying to transform agriculture into new areas like horticulture and aquaculture.”The second area which NITI works in is how we capture the technological trends to benefit the country,” he said.India should be a global leader in frontier technologies, he added.Since the technologies don’t exist, everybody is starting afresh and India should be setting the benchmarks, the standards, the certification methods for technologies, he said.”I think NITI would lead that drive,” he said.
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