Focus on infra, investment, innovation to make India developed by 2047
ECONOMY & POLICY

Focus on infra, investment, innovation to make India developed by 2047

Infrastructure, investment, innovation and inclusiveness are the four key focus areas for the Narendra Modi government to make India a developed nation by 2047, Union Finance Minister Nirmala Sitharaman said. She made the remarks during an interaction with the students of the Wharton School of the University of Pennsylvania.

The minister arrived here afternoon to attend the annual meetings of the International Monetary Fund and the World Bank. She drove from New York to Washington DC with a stopover at the University of Pennsylvania.

"In the year when we will be celebrating 100 years of Independence from British rule, that is 2047, we want to be and we aspire to be a developed country," Sitharaman told the students.

To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said.

"The first is infrastructure, whether it is physical such as bridges and ports or digital which is critical for so many different purposes. The second would be to invest in it. In that comes the element of private investments. But more importantly, have public investment go in to kick-start the whole thing," she said.

Sitharaman said the third focus area is innovation and stressed the need for innovative solutions for the problems specific to India and its aspirations. "For many of the things that we want solutions for cannot be made somewhere and then brought here. The costs will go up and they may not be appropriate to the situation for which we want a solution. We want in-situ solutions for many of our problems. That itself becomes the challenge for innovations to work out," she said.

The most important is inclusiveness, Sitharaman said. "In everything that we do, we want to make sure that everybody gets included." She also said, "Affirmative action is given in the Constitution. You will have to uplift the poor, you will have to uplift the scheduled castes and scheduled tribes. It is a commitment given in the Constitution."

Infrastructure, investment, innovation and inclusiveness are the four key focus areas for the Narendra Modi government to make India a developed nation by 2047, Union Finance Minister Nirmala Sitharaman said. She made the remarks during an interaction with the students of the Wharton School of the University of Pennsylvania. The minister arrived here afternoon to attend the annual meetings of the International Monetary Fund and the World Bank. She drove from New York to Washington DC with a stopover at the University of Pennsylvania. In the year when we will be celebrating 100 years of Independence from British rule, that is 2047, we want to be and we aspire to be a developed country, Sitharaman told the students. To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said. The first is infrastructure, whether it is physical such as bridges and ports or digital which is critical for so many different purposes. The second would be to invest in it. In that comes the element of private investments. But more importantly, have public investment go in to kick-start the whole thing, she said. Sitharaman said the third focus area is innovation and stressed the need for innovative solutions for the problems specific to India and its aspirations. For many of the things that we want solutions for cannot be made somewhere and then brought here. The costs will go up and they may not be appropriate to the situation for which we want a solution. We want in-situ solutions for many of our problems. That itself becomes the challenge for innovations to work out, she said. The most important is inclusiveness, Sitharaman said. In everything that we do, we want to make sure that everybody gets included. She also said, Affirmative action is given in the Constitution. You will have to uplift the poor, you will have to uplift the scheduled castes and scheduled tribes. It is a commitment given in the Constitution.

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App