Union Minister Dr Jitendra Singh Highlights India's Leap to Top‑3 Economy & Viksit Bharat 2047 at Parameswaran Lecture — UPSC Current Affairs | February 28, 2026
Union Minister Dr Jitendra Singh Highlights India's Leap to Top‑3 Economy & Viksit Bharat 2047 at Parameswaran Lecture
Union Minister Dr Jitendra Singh, speaking at the P. Parameswaran Memorial Lecture, highlighted India's rise from the 2014 "Fragile Five" to a projected top‑three global economy and outlined the vision of a fully developed "Viksit Bharat" by 2047, citing advances in innovation, startups, patents, space and ocean missions, and supportive policy frameworks.
Overview Dr Jitendra Singh , Union Minister of State (Independent Charge) for Science & Technology, delivered the P. Parameswaran Memorial Lecture on National Science Day in Thiruvananthapuram. He traced India’s transformation from the “ Fragile Five ” to a nation poised to become the world’s third‑largest economy and achieve Viksit Bharat @2047 . Key Developments India’s rank in the Global Innovation Index rose from 81st (2014) to 38th (2024). Over 2 lakh startups now generate more than 21 lakh jobs ; half originate from Tier‑2/3 cities and many are women‑led. India ranks 6th globally in patent filings , with >60% filed by resident inventors. Scientific output places India among the top nations in publications and highly‑cited papers; thousands of Indian scientists are in the global top‑2%. Policy reforms have opened the space economy to private players, boosting exports and self‑reliance. The Ocean Mission aims to tap deep‑sea resources as a future growth engine. Important Facts Key policy initiatives cited include NEP 2020 , Start Up India , Atal Innovation Mission , and financial schemes such as PM Mudra Yojana , PM Vishwakarma Yojana and PM SVANidhi that empower artisans, street vendors and small entrepreneurs. UPSC Relevance The lecture touches upon several GS‑paper topics: the economic trajectory of India (GS3), the role of science & technology in nation‑building (GS3), policy frameworks like NEP 2020 and Start Up India (GS3), and the strategic importance of the Ocean Mission for resource security (GS3). Understanding the shift from a “Fragile Five” perception to a top‑3 economy helps answer questions on India’s development model, innovation ecosystem, and future challenges. Way Forward Dr Singh urged the youth—especially those studying abroad—to stay connected with India’s growth story. He emphasized building capacity, strengthening institutions, and creating an enabling ecosystem so that by 2047, when India celebrates 100 years of independence, it stands as a fully developed, innovation‑driven nation. Continued focus on research, private participation in space and ocean sectors, and inclusive entrepreneurship will be critical to achieving Viksit Bharat .
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Overview
India’s innovation surge positions it for top‑3 economy and Viksit Bharat by 2047
Key Facts
Global Innovation Index rank rose from 81 (2014) to 38 (2024).
India ranks 6th worldwide in patent filings; over 60% of patents are by resident inventors (2024).
More than 2 lakh startups have created >21 lakh jobs; half are from Tier‑2/3 cities and many are women‑led.
Space economy opened to private players – private satellite launches increased five‑fold since 2020, boosting exports.
Ocean Mission (launched 2021) aims to tap deep‑sea minerals, targeting $10‑15 billion revenue by 2035.
NEP 2020, Start‑up India (2015) and Atal Innovation Mission (2016) form the policy backbone for the innovation ecosystem.
India’s share in global scientific publications rose to 2.5% in 2023; ~2,500 Indian scientists feature in the top 2% most‑cited papers.
Background & Context
The lecture underscores how strategic S&T policies (NEP 2020, Start‑up India, Atal Innovation Mission) have transformed India from the ‘Fragile Five’ label to a burgeoning innovation hub, aligning with GS‑3 themes of economic development, technology leadership, and resource security through space and ocean initiatives.
UPSC Syllabus Connections
GS3•Developments in science and technology and their applicationsEssay•Economy, Development and InequalityEssay•Science, Technology and SocietyGS2•Government policies and interventions for developmentEssay•Democracy, Governance and Public AdministrationEssay•Youth, Health and WelfareEssay•International Relations and GeopoliticsPrelims_GS•Demographics and Social SectorEssay•Education, Knowledge and CulturePrelims_GS•Science and Technology Applications
Mains Answer Angle
GS‑3: Evaluate the impact of science‑technology and innovation policies on India’s transition to a top‑three global economy and the Viksit Bharat 2047 vision.