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      New Delhi 13, February 2026 - KPMG in India today released its new report, Viksit Bharat @2047: Top 10 priorities for India’s next growth phase, at The Times Group’s ET Now – Global Business Summit, which presents a connected execution agenda that shifts the conversation from building stability and confidence to speed and quality in implementation.

      The report brings together India’s recent advances across infrastructure, manufacturing, digital public platforms, MSME development and human capital, distilling them into a unified framework designed to accelerate the country’s progress toward becoming a developed economy by 2047.

      Yezdi Nagporewalla, CEO, KPMG in India said “India has established a solid foundation, and now the focus shifts to execution by converting investment into greater productivity and consequently competitiveness. Our country's growth will be shaped by deep manufacturing capabilities, skilled talent, robust MSMEs, efficient infrastructure, and cities prepared for the future. This report highlights the essentials: disciplined implementation, institutional resilience, and consistent effort to achieve Viksit Bharat by 2047.

      Bringing focus to the country’s long‑term transformation, the report sets out the below top 10 priorities as pivotal to driving India’s next growth phase and advancing its journey toward Viksit Bharat 2047.

      Key highlights of the report:

      • Future ready workforce

        Operationalise the education, skilling and employment continuum, expand apprenticeships and build deep tech capability so talent is job ready across manufacturing, services and emerging technologies

      • Globally competitive manufacturing

        Move beyond assembly to ecosystem depth by localising components, adopting Industry 4.0, raising factory productivity, and aligning clusters closely with exports and quality standards

      • MSME scale and productivity

        Shift MSMEs from survival to scale through cash flow–based credit, cluster led productivity programmes, digital adoption and structured export enablement linked to anchor supply chains

      • Integrated infrastructure for growth

        Convert asset creation into system level productivity by developing multimodal corridors, improving last mile and industrial connectivity

      • Trade competitiveness and export diversification

        Build corridor-led export ecosystems, leverage FTAs and CEPAs with sector specific playbooks, and strengthen supply chain resilience in critical value chains

      • Productive, liveable cities

        Accelerate transit led development, strengthen municipal finance, expand affordable housing and plan integrated city regions so Tier II and Tier III locations become true growth engines

      • Regulation, governance and process reforms

        Simplify compliance through risk proportionate regulation, enable single window clearances that function end to end, and institutionalise outcome-based governance for predictable delivery

      • Sunrise sectors

        Drive focused execution in semiconductors, green hydrogen, defence manufacturing, space, AI driven digital infrastructure and biomanufacturing through cluster depth, robust standards, advanced skills and anchored demand

      • Social capital, health and inclusion

        Expand social security for informal workers, professionalise care infrastructure, increase women’s workforce participation and build adaptive skills so growth is broad based

      • Public finance and investment effectiveness

        Crowd in private capital, strengthen Centre, State and city level revenues, and shift to outcome-based budgeting supported by digital tracking to improve the quality of public spending

      To summarise, the success of Viksit Bharat rests on effective execution. This report brings together a single, coherent playbook that integrates manufacturing depth, MSME competitiveness, infrastructure efficiency, urban preparedness, inclusion, and outcome based public finance to turn intent into consistent and measurable results. The journey to 2047 must be rooted in strong institutions, sustained delivery, and collaboration that converts scale into productivity and investment into competitiveness.

      Top 10 priorities for India's next growth phase

      Key execution priorities to help India convert scale into competitiveness and accelerate its journey toward becoming a developed economy by 2047

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      About KPMG in India

      KPMG entities in India, are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Calicut, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Raipur, Trivandrum, Vadodara and Vijayawada.

      KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focussed and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

      KPMG Media Contact

      Vidya Mohan
      KPMG in India
      Mobile No - +91 9820770846
      Email - vidyamohan@kpmg.com

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