Future Economic Vision — Definition

Definition

A future economic vision describes intended long-term outcomes and priorities for achieving them. It is different from a forecast based on assumptions and from an outcome already observed. A roadmap can recommend strategic action without being a detailed funded implementation plan.

India's Viksit Bharat aspiration for 2047 provides a frame for discussing productivity, opportunities, institutions and living conditions. Evaluating that frame requires measurable objectives, credible implementation and review of assumptions, while recognising that aggregate growth, per-person output and broader well-being are related but distinct measures.