THE "MISSION 2047" FOR INDIA COULD BE A "GOLDILOCKS" MOMENT, WITH A CAUTIOUS DESIGN.
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- THE "MISSION 2047" FOR INDIA COULD BE A "GOLDILOCKS" MOMENT, WITH A CAUTIOUS DESIGN.
The Union Government has introduced 'Vision Viksit Bharat@2047,' visualizing India as a superpower, which is a reality as global agencies are re-iterating that India is globally among the fastest emerging economy. Initiatives such as 'Make in India' and Production-Linked Incentives (PLIs) have contributed to fostering a favourable business environment, attracting investments, and promoting domestic manufacturing.
According to media reports, with a total of 67 unicorns, India ranked third on the global list but still ranked much below compared with the US and China, who controlled with 703 and 340 high growth start-ups. In India, the idlers from the unicorn chart in 2023 were Byjus and PharmEasy. With a total of 1,453 unicorns in the world, TikTok owner ByteDance reserved the title of being the world’s most valuable unicorn worth $220 billion. The total value of the world’s unicorns reached $5 trillion.