Viksit Bharat 2047: How CMAs can Lead India’s Transformation into a Developed Nation

Abstract

As India prepares to mark its centenary of independence in 2047, the "Viksit Bharat 2047" initiative aims to transform the nation into a developed economy. The Budget 2024- 25 serves as a crucial roadmap, focusing on infrastructure development, green energy initiatives, skill enhancement, healthcare improvements, digital inclusion, and financial accessibility. This article summarises these key budgetary commitments and emphasizes the pivotal role of Cost and Management Accountants (CMAs) in this transformative journey. CMAs are adept at effective financial planning, strategic decision-making, sustainability reporting, and risk management, ensuring efficient resource utilization aligned with national goals. India Inc. can gainfully leverage their expertise towards building a prosperous and inclusive future by 2047.