The NITI Aayog has prepared a plan for economic transformation of Mumbai, Surat, Varanasi and Vizag, with the aim to help India become a developed economy by 2047.

NITI Aayog intends to create economic plans for 20-25 more cities, as these are the hubs of economic activities. In order to achieve its goal, the NITI Aayog is in the process of preparing a vision document, which will be released by Prime Minister Narendra Modi.

Last year, Maharashtra Chief Minister Eknath Shinde held a meeting with NITI Aayog officials regarding steps needed to take the GDP of Mumbai Metropolitan Region (MMR) to USD 300 billion by 2030. The Centre had sought views of the country's youth to drive its vision for making India a developed nation by 2047. This exercise was conducted through universities and other educational institutions.

In 2023, NITI Aayog was entrusted with the task of consolidating the 10 sectoral thematic visions into a combined one for Viksit Bharat @2047. The vision encompasses various development-related aspects including economic growth, environmental sustainability, and good governance, among others.