Business News/Topic/ 2024 Pre Budget Specials

MINT SPECIAL: THE ROAD TO 2047

Union budgets in India are often more than just a presentation of the Central government’s annual accounts. They are a platform for the government of the day to make grand announcements and articulate their philosophy of managing the economy. Now that a new government has taken charge, expect its first budget to lay out a blueprint of what it will take for India to become a developed nation by 2047, 100 years after Independence. The path to that goal over the next 23 years will not be easy. There will be a plethora of challenges and opportunities, some of which policymakers might not have started to think about. At Mint, we’ve been thinking deeply about the possibilities and the tasks that lie along the road to 2047. This is a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in this journey. The five broad areas it will cover are: managing the demographic transition; tackling climate change and the energy transition; the next-generation financial sector reforms needed to aid growth and inclusion; reimagining the role of the state in this process; and how Indian industry can prepare for the future. We have carefully curated a selection of essays from sector experts who are known not just for their depth of knowledge but also their innovative thinking and outspoken approach. Their voices cut across industry, academia, public services and civil society to provide an all-round view of what to expect on the way to realizing India’s big dreams.

Montek Singh Ahluwalia, ex-deputy chairman of the Planning Commission, thinks that a reform in the current GST structure is necessary to make India an economic superpower. (File/Mint)

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MINT SPECIAL: THE ROAD TO 2047

Montek Singh Ahluwalia: How to pack for India's journey to 2047

India’s deep pool of domestic surpluses can be directed towards startups

India’s path to global leadership lies in mastering technologies of the future

To forge a path to prosperity, domestic manufacturing must take a giant leap

From PDS to police, the state has to find better ways to ally with its citizens

Digitization can enable sustainable manufacturing, greener automation

P.C. Mohanan: Tapping data to define the India story

How to transform the government from ‘the problem’ to ‘the problem solver’

Holistic climate resilience strategies will be key to empowering people

Local govt reforms can create new vision for India’s cities of the future

Indradeep Ghosh: Fresh credit decisioning ideas needed for financial inclusion

A fine balance: From justice to cost, the many competing objectives of energy

Losses have been cut, and it’s time to privatize India’s public sector banks

Ajay Tyagi: Capital markets set to play their role in India development journey

Three steps to net-zero: Legislation, emissions trading, capital mobilization

Green revolution 2.0: Why India needs an integrated energy policy

Shyam Saran: Real challenge to climate action, energy transition is geopolitics

Budget: Decentralized, green electricity networks need workforce with new skills

Amitabh Kant: A place on the global technology map

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MINT SPECIAL: THE ROAD TO 2047

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