In a rousing speech at the P. Parameswaran Memorial Lecture in Thiruvananthapuram, Union Minister Dr. Jitendra Singh celebrated India’s economic renaissance. Labeled among the weakest in 2014, the nation now ranks fourth-largest globally—a testament to bold leadership and intrinsic strengths.
Poised to overtake for third place soon, India eyes ‘Viksit Bharat’ by 2047. Dr. Singh detailed the milestones fueling this charge.
Innovation rankings jumped from 81st to 38th on the Global Innovation Index. The startup landscape boasts 200,000 entities, sustaining 2.1 million jobs. Once a fledgling idea via 2015’s Startup India, it’s now a grassroots revolution, with Tier-2/3 origins for half and women entrepreneurs leading the pack.
Empowerment narratives have shifted: women pioneers helm critical missions in space, tech, and policy arenas. India’s sixth-place patent standing sees 60% homegrown applications; research outputs rank high globally, with elite scientist representation affirming prowess.
Policy innovations have supercharged private involvement in space, indigenous defense advancements, export growth, and Atmanirbhar Bharat. Untapped potentials in marine domains, abyssal minerals, and bio-resources will amplify GDP significantly.
Casting the youth as architects of this future, Dr. Singh’s vision resonates: India’s not just growing—it’s redefining global economic paradigms with innovation, inclusion, and foresight.