Viksit Bharat 2047: 10 Big Shifts India Must Make Now, Says KPMG Report

India must build a future-ready workforce, scale up MSMEs, and make manufacturing globally competitive to achieve Viksit Bharat by 2047. A new report says the focus should now move from planning to execution. Investment must turn into productivity. Skills, exports, infrastructure, and strong cities will decide the pace.

Future-Ready Workforce Is The Core

According to a report by KPMG in India, the first big step is preparing talent for tomorrow. Education, skilling, and jobs must connect smoothly. Students should not just earn degrees. They must become job ready.

The report talks about expanding apprenticeships. It also stresses building deep-tech capability. Manufacturing, services, and emerging technologies will need trained hands. Without skills, growth slows down.

Manufacturing Must Compete Globally

India has improved in manufacturing. Still, global competition is tough. The report suggests localising key components. Factories should adopt Industry 4.0 tools. Productivity has to rise, not just output.

Clusters must align closely with export standards. Quality matters more than volume now. If products meet global benchmarks, exports grow naturally. That is the logic behind this push.

MSMEs Need To Shift From Survival To Scale

Micro, small and medium enterprises are the backbone of India. But many operate in survival mode. The report says they must move to scale mode.

Cash-flow based credit can help. Cluster-led productivity programs should expand. Digital adoption is no longer optional. Structured export support linked with anchor supply chains can open new markets. When MSMEs grow, jobs grow. It feels simple, yet needs discipline.

Infrastructure And Trade Push

Asset creation alone is not enough. Assets must deliver system-level productivity. The report highlights multimodal corridors and better last-mile connectivity. Industrial zones should connect smoothly to ports and highways.

India must also deepen trade competitiveness. Export diversification is key. Free Trade Agreements and CEPAs should be used smartly. Supply chains in critical sectors need resilience. One disruption can hurt many industries.

Cities As Growth Engines

Tier 2 and Tier 3 cities are getting attention. Transit-led development, stronger municipal finance, and affordable housing are essential. Integrated city planning can reduce pressure on metros.

When smaller cities grow well, opportunities spread. Migration pressure drops. Balanced development looks healthier for the country.

Inclusive Growth And Smart Spending

The report also calls for expanding social security for informal workers. Women’s workforce participation must rise. Care infrastructure should become more professional. Growth should include everyone.

Private capital needs to be crowded in. Government spending must shift to outcome-based budgeting. Digital tracking can improve efficiency. Spending more is not enough. Spending smart is what counts.

As CEO Yezdi Nagporewalla from KPMG in India noted, India has built a solid base. Now execution matters. Manufacturing strength, skilled talent, robust MSMEs, and future-ready cities will shape the journey to Viksit Bharat 2047. The next two decades will test consistency more than ambition.