2047 तक भारत के विकसित राष्ट्र बनने की आकांक्षा महत्वपूर्ण निवेश पर निर्भर है। इसके आलोक में, इस लक्ष्य को प्राप्त करने में पूंजीनिवेश की संभावनाओं पर चर्चा करिए। इस संदर्भ में भारत के समक्ष क्या चुनौतियां हैं? India's aspiration to be a developed nation by 2047 hinges on significant capital investment. In light of this, discuss the potential of capital investment in achieving this vision. What are the challenges India faces in this regard? (10 marks, 150 words)

Capital investment refers to the investment in capital assets such as machinery, land etc. India aspires to be 'VIKOJI' (developed) by 2047 and need to invest in capital resources.

Potential of capital investment on the economy:

Make in India boosted by capital expenditure in manufacturing sector.

Complement question in significant sectors – solves issue of 'disquiet unemployment'.

Challenge faced in the regard:

i) low capability to invest in capital due to high fiscal deficit. (Note: 5.8%)

ii) High revenue expenditure.

iii) High cost of investment – long gestation periods and lack of expertise.

iv) lack of private sector interest.

v) Some capital expenditure may not yield sufficient revenue.