KPMG's latest report highlights India's critical economic transition for Viksit Bharat 2047. The strategy shifts from growth at scale to productivity, emphasizing manufacturing depth, human capital development, and enhanced competitiveness. Key focus areas include moving beyond assembly to advanced manufacturing, improving infrastructure efficiency, and building a future-ready workforce. With median age at 28 and projected working population exceeding 1.13 billion by 2050, India must link education, skills, and employment more effectively. The report recommends deepening production ecosystems, boosting Industry 4.0 adoption among MSMEs, and integrating global value chains to increase domestic value addition. Manufacturing currently represents only 17% of GDP, signaling significant growth potential for India's economic transformation.
