📷 Image: Wikimedia Commons / Richter Frank-Jurgen
Business
India Urges Economy Opening and R&D Collaboration to Hit 2047 Vision
✍️ Moneycontrol.com
🗓 06 Oct 2026, 05:36 AM
👁 9
Senior analyst Karan Bilimoria of Moneycontrol stresses that India must further liberalise its economy and strengthen research‑and‑development partnerships to achieve the 2047 self‑reliance goal.
Senior analyst Karan Bilimoria, writing for Moneycontrol, highlighted that India needs to open its economy further and deepen research‑and‑development collaborations to meet the 2047 self‑reliance target set by the government.
Bilimoria pointed out that liberalising trade policies and attracting foreign investment are critical steps for boosting innovation and productivity. He added that sustained R&D partnerships with global firms and academic institutions could accelerate technology transfer and skill development.
The analyst noted that the 2047 goal, which marks India’s 75th year of independence, aims to position the country as a global leader in technology and manufacturing. He argued that without a more open market and robust R&D ecosystem, India risks falling behind.
Bilimoria’s remarks come amid ongoing policy discussions on easing restrictions for foreign direct investment and enhancing public‑private research initiatives. The call for deeper collaboration reflects a broader consensus among economists that innovation and openness are key to achieving long‑term growth.
While specific policy proposals were not detailed, the emphasis on economic liberalisation and R&D partnership underscores the need for a coordinated effort between government, industry, and academia to realise the 2047 vision.
Bilimoria pointed out that liberalising trade policies and attracting foreign investment are critical steps for boosting innovation and productivity. He added that sustained R&D partnerships with global firms and academic institutions could accelerate technology transfer and skill development.
The analyst noted that the 2047 goal, which marks India’s 75th year of independence, aims to position the country as a global leader in technology and manufacturing. He argued that without a more open market and robust R&D ecosystem, India risks falling behind.
Bilimoria’s remarks come amid ongoing policy discussions on easing restrictions for foreign direct investment and enhancing public‑private research initiatives. The call for deeper collaboration reflects a broader consensus among economists that innovation and openness are key to achieving long‑term growth.
While specific policy proposals were not detailed, the emphasis on economic liberalisation and R&D partnership underscores the need for a coordinated effort between government, industry, and academia to realise the 2047 vision.