According to Sangeeta Gupta from Nasscom, India's economic growth hinges on strengthening infrastructure, bridging skill gaps, and fostering technological innovation through global partnerships.

By 2047, India is projected to become a high-income nation with a GDP ranging from $23 trillion to $35 trillion, driven primarily by the services sector, which is expected to contribute 60% of the GDP.

The auto-component export sector is anticipated to reach between $200 billion and $250 billion by 2047, influenced by market dynamics in internal combustion engine vehicles and the transition to electric vehicles.

A looming workforce shortfall of 50 million by 2030 highlights the urgent need for enhanced STEM education and skill development programs to prepare for future demands.

Public-private collaboration in areas such as AI, green energy, and critical sectors, along with increased investment in research and development, is essential for fostering domestic innovation and reducing reliance on global supply chains.

Strategic growth levers identified for India's economy include key sectors like electronics, energy, chemicals, automotive, and services, which align with global trends.

A comprehensive, technology-driven strategy is crucial for achieving inclusive and sustainable growth in India.

Advancements in AI-driven chip design, touchless manufacturing, and backward integration into component manufacturing are expected to enhance cost competitiveness and spur innovation.

Emphasizing backward integration and local manufacturing can significantly reduce India's reliance on imports for essential components.

The influx of nearly 200 million individuals into the workforce presents a substantial opportunity for high-value job creation and economic growth.

Developing a sectoral technology roadmap is vital for facilitating India's economic transformation.

India's renewable energy share in total energy production is projected to grow from 24% in 2023 to approximately 70% by 2047, reflecting a significant shift towards sustainable energy sources.