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INDIA’S CENTURY100, India, Century, 2047India's extensive endowments in natural resources, human capital, and innovation potential among others make the realisation of an inclusive and sustainable economy both possible and expedient. By 2047, India could become a‚ 1500 lakh crore economy and achieve expansion in high-growth sectors: the country could triple the value of its manufacturing exports, cement itself as a global destination for quality healthcare, and further entrench its lead as a global hub for renewable energy.INDIA’S CENTURY Home Sectors Sectors Agriculture Consumer Technology Electronics Electric Vehicle Energy Financial Services Healthcare Higher Education ICT Manufacturing School Education Tourism Transport Infrastructure Water Innovation Quotient Innovation Clusters Team Contact India’s Century India’s extensive endowments in natural resources, human capital, and innovation potential—among others—make the realisation of an inclusive and sustainable economy both possible and expedient. By 2047, India could become a ₹1500 lakh crore economy and achieve expansion in high-growth sectors: the country could triple the value of its manufacturing exports, cement itself as a global destination for quality healthcare, and further entrench its lead as a global hub for renewable energy. In response, India’s Century initiative includes a proposal that is sector-focused and facilitated by deliberate and considered collaboration between the government, industry stakeholders, and India’s businesses, also referred to as “India. Inc.” More concretely, India’s growth potential is captured within a priority framework, exploring ten immediate growth priorities that could propel it to become a high-income nation by 2047. Alongside this, innovation clusters could help shape an enabling environment for small to medium businesses to emerge as global challengers, as well as deepen their capacity for innovation. FICCI-McKinsey India’s Century Report Executive Summary Vision India @100 India’s Century’s vision is a sustainable and inclusive economy that can grow at 7.7 percent annually, characterised by poverty alleviation, gender parity, universal access to basic amenities (including access to clean water and quality healthcare), and a transformed education sector that produces a highly-skilled, digitally-equipped workforce. The vision equally prioritises environmental gains of drastically cutting CO2 emissions to achieve net-zero greenhouse-gas emissions by 2070. Our Goals Double agricultural exports and food processing Double credit penetration of micro, small and medium enterprises in financial services Augment growth in consumer tech Triple high-value manufacturing exports, increase productivity, and accelerate import localisation Increase India's share of global software as a service (SaaS) revenue Improve ratios in higher-education gross enrolment and of student–teachers in primary schools Grow households with tap-water connections, increase wastewater treatment, and reduce non-revenue water Double the share of renewables in power generation and become the world's cheapest producer of green hydrogen Reduce logistics costs in infrastructure and logistics industries and build national capability in construction Raise ambition in healthcare by doubling the number of doctors, nurses, and allied healthcare professionals per capita Initiative by Contact us FICCI Federation House Tansen Marg, New Delhi 110001 Ph: 91-11-23738760-70 Email: ficci@ficci.com; indiacentury@mckinsey.com Website: www.ficci.in Stay connectedenenhttps://india-century.com
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India's extensive endowments in natural resources, human capital, and innovation potential among others make the realisation of an inclusive...
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