The Idea of a 'Viksit Bharat' is a Governing Idea, Not Just a Slogan
Eminent economist Dr. Raghuram Rajan has stated that 'Viksit Bharat' must not be merely a slogan but a serious and necessary governing idea rooted in inclusion, institutional reform, and long-term vision. He pointed out that sustained growth can only be achieved when the benefits of development reach all sections of society and when institutions remain strong, transparent, and accountable. Rajan cautioned that India's progress cannot depend solely on short-term measures or populist promises, urging policymakers to focus on practical steps that create opportunities, reduce inequality, and prepare India for future challenges like demographic shifts, climate change, and global economic uncertainty through structural reforms in education, healthcare, and labour markets.
Key Points
- Viksit Bharat must be a governing idea built on inclusion, strong institutions, and long-term vision rather than a mere slogan.
- Sustained growth requires benefits to reach all sections of society through strong, transparent, and accountable institutions.
- India's progress requires structural reforms in areas like education, healthcare, labour markets, and governance rather than populist promises.
- A developed India requires collaboration between government, private sector, civil society, and citizens to achieve sustainable and equitable development.
Exam Facts
- Dr. Raghuram Rajan is a former RBI Governor and renowned economist.
- The concept emphasizes prioritizing people-centric, equitable, and resilient development over just GDP growth.
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