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
Real Estate

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Next Story
Real Estate

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

Next Story
Infrastructure Urban

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement