Prime Minister Narendra Modi highlights his vision of transforming India into a developed nation by 2047, centring on youth empowerment, technological innovation, and energy independence through new industries and infrastructure projects.
Narendra Modi used India’s Independence Day speech to cast the country’s young people as the main beneficiaries of his long-term economic project, saying they would gain most from a richer, more industrially advanced nation by 2047. Addressing what he called the “beloved youth”, the prime minister tried to ease anxieties by tying his vision of a developed India to jobs, technology and national pride.
According to the Indian government’s summary of the speech, Modi said India should become a developed economy by the centenary of independence and set out a series of industrial and energy goals to support that ambition. He said the country’s first domestically made semiconductor chip was expected to be launched by 2025 and described plans to open the nuclear sector further to private participation.
The prime minister also linked the campaign to youth employment. Government material on the address said he launched the PM Viksit Bharat Rozgar Yojana, a 1 lakh crore rupee scheme aimed at 30 million young Indians, as part of a broader effort to turn India’s demographic weight into economic strength. In his speech, Modi said young people should be placed at the centre of policymaking, while also promising the construction of as many as eight new chip plants and five new nuclear reactors in the coming years.
Indian energy coverage has previously reported that Modi has framed nuclear power as a central pillar of the country’s future energy mix, with ambitions to increase capacity tenfold by 2047 and to expand solar, hydropower and hydrogen investment as part of a wider push for self-reliance. Together, the pledges point to a familiar political message: that India’s vast youth population can be converted from a demographic challenge into an economic advantage if the state can deliver factories, power and skilled work at scale.
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