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CJ Vasani 25th May 2005 |
Next 10 years will tell the story for India. They definitely have a great start, but it is the sustainable growth that matters and spread of economic progress throughout the country (rich, power, middle-class, metros, cities, towns, villages, etc) will need to happen before anything. Currently, the progress is happening mostly in metros and cities, towns and villages are highly ignored. They will also need communal harmony, which is absent in India. A working law and order, a strong tax system (individual and corporate), higher literacy rate, acceptance of foreign culture and ideas, etc. If they caught behind in nationalism and hindu-religious fundamentalism, there is no way it can progress. It works against the economic model. |
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Raghu 6th July 2005 |
Yes. Due to the high importance given to education India, it definitely becomes a super power. Every working community starts managing things differently and ultimately eradicationg the poor. People start thinking about imparting fruits of the latest technology to the rural sector which will flourish in entire country and ultimately country flurishes in each and every field. |
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Dhanesh 27th July 2005 |
No doubt, India will emerge a Superpower in near future for sure. The main reasons behind this are awareness and growing literacy rate. |
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Somali 3rd August 2005 |
Though India is the 12th largest economy; but when it comes to GDP per capita, India ranks 120. If Indian GDP continues to grow at the rate of 5.5%, India is expected to emerge as the third largest economy by 2025. However we cannot simply regale in this fact as the distribution of Income among the Indian population is extremely uneven and skewed. Almost 29-30% of the Indian population is still living below the poverty line. After 58 years of independence, we are still a developing nation. The development is by and large centered around the metros and other cities. For India to progress truly the the development in terms of healthcare, education, employment, infrastructure etc should also reach out to villages & smaller towns where the majority of the Indian population resides. Many rural development policies are in place but a more effective implementation is required. Along with our growing Services sector, due emphasis needs to be given to the Manufacturing units and the Agricultural sector. |
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