KPMG in India has outlined three defining imperatives — agility, ability and accountability — that it says will determine whether India successfully transitions to a developed nation by 2047. The findings, released on 23 October 2026 at New Delhi, argue that India's trajectory will depend on how effectively it responds to global disruptions, scales capabilities and ensures measurable outcomes in public and private delivery.

The Three Imperatives

According to the KPMG report, agility refers to India's ability to navigate geopolitical change and technological disruption in real time. Ability speaks to building deep, scalable capabilities in strategic sectors. Accountability addresses ensuring that growth translates into broad-based impact rather than headline numbers alone.

'The interaction of these three principles will determine how effectively India converts aspiration into achievement, investment into value, and growth into broad-based impact,' said Nilachal Mishra, Partner and Head, Government & Public Services, KPMG in India.

Building on a Decade of Foundations

The report argues that India has spent the past decade laying strong groundwork in infrastructure, digital public infrastructure, financial inclusion, manufacturing and public investment. The challenge now, it contends, is translating those foundations into long-term competitiveness, resilience and innovation rather than allowing momentum to plateau.

It identifies capital-driven growth, technology-driven processes and people-driven institutions as the three core engines of transformation needed to sustain that shift.

Sectors in Focus

The report calls for accelerated capability-building in artificial intelligence (AI), semiconductors, renewable energy, defence manufacturing, pharmaceuticals, and agriculture and food processing. These sectors are identified as critical to India achieving global competitiveness, not just domestic scale.

'Our long-term success will depend on how effectively we translate our strengths into greater productivity, stronger capabilities and globally competitive enterprises,' said Yezdi Nagporewalla, Chief Executive Officer, KPMG in India.

Government and Industry Response

The report was launched at Agrasar Bharat Manch, a KPMG in India Public Sector Excellence (PSX) initiative. Union Minister for Road, Transport and Highways Nitin Gadkari described the platform as 'a compelling idea for showcasing our aspirations and determination to move forward by advancing priorities, innovation, sustained commitment and close collaboration between industry, academia and other stakeholders.'

The report's broader argument is that sustained progress toward 2047 targets will require coordinated, cross-sectoral action spanning government, industry and civil society — with no single actor able to carry the weight alone.

What Comes Next

The Agrasar Bharat Manch platform is positioned as an ongoing forum for translating these recommendations into policy dialogue. Industry bodies and government ministries are expected to engage with the framework as India approaches mid-decade reviews of its Viksit Bharat strategy. Whether the three-imperative framework influences formal policy planning or remains an advisory blueprint will be a key test of the initiative's impact.