Friday, 15 March 2013

The Future India - Where are we heading?


India is one of the oldest countries in Asia that has come a long way to bear the tag of emerging nations. Over the years India has progressed well in some of the major fields and has proved the world that it has the potential to become a leading economy. Many Indians have proved their mettle in various international arenas and have made the world to take a look at them. Ever since the independence India has shown path breaking developments in different sectors particularly trade and scientific developments. India has become a member of the G20 nations and it is one of the members of BRICS nations. All these drastic changes have made India joining the club of developing countries. On account of these changes former president and scientist Dr. APJ Abdul Kalam has envisaged a vision - India 2020.

It has been 65 years since India got freedom from the British rule and becoming an independent country after partition. This is supposed to be quite a very long time but we are still a developing nation. This is really something to take note of. How long are we going to be called as a developing country? When are we going to become a developed country?  Are we going to achieve our vision of India 2020 with the present rate at which India is growing? Definitely the answer is no. Generations after generation we keep reading the same statement in history “India is a developing country”. We are on the path of becoming a leading economy of the world. India realized the need to open its market to the global economy and thus came the New Economic Policy in 1991. India at that time was facing a severe Balance Of Payments (BOP) problem. The new economic policy introduced the concept LPG. It is liberalizing the rules and trade barriers, privatization of public sector companies and globalization of the Indian economy. Ever since opening our economy to the global market we have been witnessing a dramatic change in trade and business and we were able to achieve a rapid economic growth. Consumerism has grown tremendously and people are now open to innovative products. If you just see Gross Domestic Product as the only measure of our development as politicians claim it to be then you are wrong. Because GDP fail to reflect the real prosperity of a nation. Let us now see where we stand in some of the key indicators on global scale.

India is ranked at 134 out of 187 countries in Human Development Index as per 2011 data. The HDI is a measure of education, health, standard of living and income parameters. India falls under the category of medium human development. Our country also lags behind many other Asian countries like china, srilanka and Maldives. The HDI value increased marginally from 0.344 to 0.547 between 1980 and 2011 on account of increase in life expectancy. On Quality Of Life Index it ranks at 77 out of 111 countries. On literacy India is ranked at 168 out of 234 countries. India despite rapid economic growth has a very low per capita income making it the poorest country among the G20 nations. This is because of huge income gap and wealth inequality. India ranks 95 out of 178 countries in terms of corruption which is bit surprising making us think how much other countries are involved in corruption. Billions of black money is slashed away by our politicians at Swiss bank. The Organization for Economic Cooperation and Development for international student assessment program ranked India at 72 out of 73 on global educational survey. Indian students performed poorly. The education system for a long time has undergone serious criticism. The Indian education system is mostly based on just teacher student interaction in classroom and rote learning. The funds allocated for education even in the recent budget is very low compared to global standards. The OECD report also stated that it is very difficult doing business in India. The report ranked India at 173. This is hugely because the clearance is very slow in our country. Malnutrition and hunger level is on rise. The only area in which we top is the population rate on which we are ranked at 2 among 221 countries, china being the first.

China is the biggest competitor of India and has emerged as one of the super power economy in the recent times. This is mainly attributed to their overwhelming performance post the global crisis. And they almost lead us on various fronts. Many other countries like Japan, Singapore and Malaysia have developed on various fields like technology, infrastructural development and per capita income. So what is that making our country to lag behind all these other emerging economies? The answer is politics. The present political system in India is ruled by the older generations. Indian politics is considered to be very worst and dirty with huge corruption and false promises. A common man named Anna Hazzare has been denied and criticized by the ruling government for raising his voice against corruption in India and demanding a bill to abolish corruption in India. The news was all over for a while and then gone in vain. If alone all these black money slashed away by our politicians is brought to our country, India will be free from all foreign debts and can finance the current fiscal deficit and trade deficit which is of a big worry. And moreover the money can be used for infrastructural development which is now very much essential for the current economic slowdown. With the defense expenditure being hiked in every budget for improving the standard of our armed forces , protecting our country from terrorism we still live with constant fear of attacks. The tragic Mumbai blast and the recent bomb blast at Hyderabad stands testimony to it. What about attacks caused internally? Indian women face insecurity and now after the recent Delhi gang rape they live with fear and feel insecure. The sad part is that the president’s son calling the protests on the case as a drama. There has been increasing suicides of farmers and students. With all this now you can guess where we will stand at the Happy Planet Index.  So only if the political system is cleaned and handed over to the next generation who are ambitious with bigger dreams can we expect a better India. If not, only if the current politicians come to sense and realise their actual job we will be able to achieve our visions and goals if not by 2020 atleast by 2050.




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