Prosperity · Pillar 4 of 8
Economy
Whether Indians earn enough to live well and securely, with growth that reaches the poorest and an economy that can compete with the world. This pillar tracks the journey toward high-income status.
What is the Economy pillar?
Economy is the fourth of eight pillars in the 47 BH framework for a developed Bharat by 2047, and one of the two pillars in the Prosperity layer, which covers the goal of becoming richer in per capita income. It asks whether Indians earn enough to live well and securely, with growth that reaches the poorest and an economy that can compete with the world. This pillar tracks the journey toward high-income status. It has eight sub-pillars: incomes and quality jobs; poverty and safety nets; productivity and structural change; agriculture and food; trade and global competitiveness; infrastructure and cities; housing and cost of living; and financial security.
How Economy connects to the 47 BH vision
Economy is one of two Prosperity pillars. It answers the first half of the vision: a Bharat that is richer in per capita income, measured by what individuals earn rather than by the size of the economy alone.
A developed Bharat that is richer in per capita income and, more importantly, in character: where people work hard and build wealth, yet live by Karma, accountable for every action, and by Dharma, doing their duty towards their family, friends, society and all life on this earth.
The 47 BH vision for 2047
The eight sub-pillars of Economy
Each sub-pillar is a part of Economy that 47 BH examines in its conversations and explainers, through the two lenses described below.
- 4.1
Incomes and quality jobs
Wages, formal employment, job security and the creation of enough good jobs for a young workforce.
With a large young workforce, 47 BH looks at whether the economy creates enough good, secure, formal jobs, and whether wages rise over time.
- 4.2
Poverty and safety nets
Ending extreme poverty, ensuring food security, and protecting those who fall behind through effective social support.
47 BH looks at ending extreme poverty, at food security, and at whether those who fall behind are caught by effective social support.
- 4.3
Productivity and structural change
Moving workers from low-productivity activities into manufacturing and modern services, and raising output per worker.
Incomes rise when each worker produces more. 47 BH looks at the movement of workers into manufacturing and modern services, and at output per worker.
- 4.4
Agriculture and food
Farm incomes and productivity, sustainable water use in farming, and the chain from farm to food processing to market.
47 BH looks at farm incomes and productivity, at how farming uses water, and at the chain that carries food from the farm through processing to the market.
- 4.5
Trade and global competitiveness
Exports, integration into global supply chains, and the ability of Indian goods and services to compete internationally.
47 BH looks at whether Indian goods and services can compete in world markets, through exports and a place in global supply chains.
- 4.6
Infrastructure and cities
Transport, power, digital connectivity, digital inclusion, and well-planned cities that work for the people living in them.
47 BH looks at transport, power and digital connectivity, at whether everyone can use digital services, and at whether cities are planned for the people who live in them.
- 4.7
Housing and cost of living
Access to decent, affordable homes and the everyday cost of living.
47 BH looks at whether families can afford a decent home, and whether everyday costs leave room to live well.
- 4.8
Financial security
Household savings, insurance coverage and pensions that protect families against shocks and old age.
47 BH looks at whether households save, are insured, and have pensions that protect them against shocks and in old age.
Two lenses on Economy
Two lenses apply to every sub-pillar in the 47 BH framework, so that rural India is present throughout and India learns from the world without copying it.
City and village
Economy is examined for both urban and rural Bharat: farm incomes alongside city wages, rural roads and power alongside urban transport, and whether growth reaches villages and small towns as well as the metros.
Learn, avoid, protect
- Learn
- What can India learn from countries that moved from low incomes to high incomes within a few generations?
- Avoid
- Which mistakes should it avoid, such as growth that leaves the poorest behind, cities that sprawl without planning, or farming that exhausts groundwater?
- Protect
- What of its own should it protect, such as its habit of household saving, its small businesses and its food traditions?
Questions about the Economy pillar
What is the Economy pillar of 47 BH?
Economy is the fourth of eight pillars in the 47 BH framework for a developed Bharat by 2047. It asks whether Indians earn enough to live well and securely, with growth that reaches the poorest and an economy that can compete with the world, and it tracks the journey toward high-income status.
What are the eight sub-pillars of Economy?
Incomes and quality jobs; poverty and safety nets; productivity and structural change; agriculture and food; trade and global competitiveness; infrastructure and cities; housing and cost of living; and financial security.
Is the Economy pillar only about GDP?
No. It focuses on per capita income, what individuals actually earn, and on whether growth reaches the poorest, creates good jobs and leaves families financially secure.
How is Economy different from Enterprise?
Economy looks at incomes, jobs and living standards across the country. Enterprise looks at how easy it is for Indians to build, grow and sustain the businesses that create much of that wealth.