Essay on my vision for India in 2047

Essay on my vision for India in 2047

India is a country of great diversity and culture. It has an enormous population, which makes it the second most populous country in the world after China. India has also become an economic superpower, as its GDP was estimated at $8 trillion in 2018. This growth will continue because of three main factors:

India on the path of progress

India is a developing country and one of the most populous countries in the world, with 1.3 billion people. It is a democracy, secular state, federal republic, and an emerging superpower. India's economy is primarily based on agriculture and services but has shown signs of improvement since liberalization in 1991 under the leadership of Prime Minister Narendra Modi.

The nation has been able to achieve rapid economic growth by adopting different strategies such as free market policies, foreign investment inflow, Etc., which helped it become one of the fastest growing economies globally during the 50s to 60s decade (1950-1970).

India's economy is the seventh largest in the world by nominal GDP and the third by purchasing power parity (PPP). It is a member of BRICS, G20, BIMSTEC, Shanghai Cooperation Organization (SCO), East Asia Summit, and WTO. The country has been experiencing high economic growth since 2014, with an average of 7% per year under Prime Minister Modi's leadership.

Hindrances in India's progress

India is a country with a history of corruption and poor governance. Corruption has plagued India for decades, resulting in an inefficient government system that cannot provide services such as education and healthcare. This lack of infrastructure has been compounded by the fact that few skilled laborers are available for jobs due to low wages compared with other countries around the world.

The lack of good governance also contributes to economic growth issues: capital from investors remains untapped because they cannot trust their governments; foreign companies do not want long-term commitments (because they may be unable or unwilling to meet those commitments); Indian businesses are not able or willing invest money abroad because there is not enough confidence in local markets; banks do not lend money out freely because they are afraid someone might steal it later on down the road so instead prefer investing into safer assets such as gold coins etcetera. All of these problems are exacerbated by India being a developing country. The government cannot provide essential services like healthcare and sanitation, let alone infrastructure projects such as roads and bridges.

Essay on my vision for India in 2047

Reasons for India's progress

You may be wondering why India will continue to grow in the future. There are several reasons why it can do so:

• A young population: The total population of India is 1.3 billion people, with an average age of 28 and a growth rate that will not stop until 2050 (Source). This means there is room for more people to enter the workforce, which means there will be more demand for goods and services from businesses like yours.

• A large market. The world's second-largest economy has a total GDP (Gross Domestic Product) of $1 trillion annually - more than all other BRICS countries combined! Furthermore, we are talking about a country where everyone uses cashless transactions at least 90% of the time.

India has tremendous potential to become a developed nation.

India has tremendous potential to become a developed nation. It just needs to change its bad habits.

India is currently the second-largest economy in the world, and it has been growing steadily since its independence. The country also has one of the youngest populations on earth, with an average age of 25! Many young people need jobs to pay their bills and support themselves financially. Suppose you want them to succeed as adults. In that case, you need to give them opportunities for success now instead of after they have already graduated college or gotten their first job later down the road when things may not be looking too good anymore due to economic downturns like what happened during 2008-2010 when many companies laid off employees due lack resources available from government subsidies (such as money given towards healthcare).

There are many predictions about India's future. Nevertheless, one thing seems certain: India will be great in 2047.

FAQ'S

What is share of Indian economy in world?

Share of Indian economy is 7.5% of world economy by PPP terms.


Why is India growing so much?

There are three major aspects- global offshoring, digitalization and energy transition


What Are the 4 Factors of Economic Growth?

The four main factors of economic growth are land, labor, capital, and entrepreneurship.

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aashutosh pathak

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Aashutosh Pathak is a professional editor and programmer with 1+ years of blogging and 5+ years of editing experience.

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