Analysis reveals economic transformation and globalization drive business evolution in India, suggesting a sustainable future.
India is undergoing a major economic transformation with the vision of becoming a developed nation by 2047, coinciding with the centenary of independence. This research paper explores the strategic evolution of Indian businesses, analyzing the key drivers, sector transformations, technological innovations, and policy frameworks shaping the business ecosystem. It highlights how digital transformation, globalization, sustainability, demographic advantages, and government initiatives such as Make in India, Digital India, and Atmanirbhar Bharat are enabling the country to move toward a $23–35 trillion economy by 2047. The paper also presents diagrams and charts illustrating sector contributions, strategic drivers, and growth pathways for Indian businesses.
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Surywanashi et al. (2026) studied this question.
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