The vision of Viksit Bharat@2047 aspires to position India as a developed nation that is both inclusive and sustainable. To achieve this, financial strategies must not only accelerate GDP growth but also ensure equitable participation and climate resilience. Expanding financial inclusion is central to this agenda. Universal access to banking, affordable credit, insurance, and digital payments through platforms such as the Jan Dhan–Aadhaar–Mobile trinity and UPI can empower rural households, women, farmers, and small entrepreneurs. At the same time, mobilizing long-term capital through stronger capital markets, institutional finance, and foreign investment will fund large-scale infrastructure, healthcare, education, and innovation. Promoting sustainable finance—via green bonds, ESG-linked funds, and blended finance models—will enable India’s transition toward renewable energy, sustainable agriculture, and low-carbon industries. Strengthening MSMEs and startups with credit guarantees, venture capital, and digital lending platforms will further drive employment, innovation, and balanced regional development.
Fiscal discipline and structural reforms will be equally critical to this journey. Rationalizing subsidies, widening the tax base, and enhancing efficiency in public spending will maintain stability while creating fiscal space for priority investments in human capital. Public–Private Partnerships (PPPs) must be expanded in infrastructure, healthcare, and digital ecosystems to enhance resource mobilization and delivery efficiency. Digital financial transformation, through AI, blockchain, and data analytics, can strengthen transparency, reduce leakages, and improve the effectiveness of welfare programs. By 2047, India must also emerge as a hub for sustainable finance, attracting global capital for climate resilience and green growth. Together, these strategies will ensure that economic expansion is inclusive, environmentally conscious, and future-ready, enabling India to fulfill the promise of Viksit Bharat @2047—a prosperous, resilient, and equitable developed economy.
The Indian Institute of Management (IIM) Jammu is organizing the 3rd International Finance and Accounting Conference (IFAC – 2026) on February 27-28, 2026. The 3rd IFAC on Financial Strategies for Inclusive and Sustainable Economic Growth to achieve Viksit Bharat@2047 will bring together various stakeholders like policymakers, industry leaders, and academicians to deliberate on multiple dimensions like innovative financial models, eco-friendly financing, and inclusive growth pathways. It aims to chart actionable strategies that align India’s economic aspirations with equity, resilience, and sustainability.
Prof. B. S. Sahay
Director, Indian Institute of Management JammuConference Patron
Prof. Pranab Ranjan Das
Professor, IIM Jammu(Conference Chair)
Dr. Ashish Kumar
Assistant Professor, IIM Jammu(Joint Conference Chair)