There is no doubt about it; the economy of India is going to increase in leaps and bounds. The only link missing is implementation of economic vision. Politics is no doubt the biggest business. There is a huge amount of money coming in from the center under various different clauses; but almost zero amounts are given to end user, giving rise to Maoists and criminals. This has to stop in order catalyze the economy. Hard earned money paid as tax from over 1.2 billion people cannot be misused, or, likes of sand mafia, oil mafia, power mafia and liquor mafia will only increase in strength, causing unequal distribution of wealth. Subsidies and grants seen to be unending, giving rise to further inequalities in society; we cannot leave the doors of economy half open. It should wide open; allowing money to flow directly those in need. The Laissez Fare doctrine of ‘let it be’ is the only solution. Government intervention in the economy should only come if it is direly required. The rules and clauses in the present economy are a colonial hang up that has to be rehashed, in sync with the modern times. Political vision (read populist sops) should not clash with economic vision. E very economist knows populist vote bank only leads to Inflation and corruption. So any government in power should ensure that every rupee is accounted for. Look at this way: Of course the rich and powerful should have their fleets of Rolls Royce; but not at expense of a 50 year old lady walking 10 kilometers every day for an earthen pot full of water. True, a nation cannot eradicate poverty over night, but at least let us try; otherwise talk is cheap and brings nothing fruitful.
Absolutely correct! Some politicians are hell bent on keeping people uneducated to ensure votes, and even worse, feed the plebeians with misinformation. Even though a lot of funds are being sent for education it goes into the pockets of the corrupt. This has to stop! Only when 100% of people are educated (according to some, the term literacy implies the ability of people to sign their names), we can hold our heads high and call ourselves proud Indians.
Economy of India currently facing a lot of challenges. These include extremely high inflation rate, an unstable Rupee, and current account deficit. In addition, India facing significant infrastructure needs and rising population. From 1960 to 2021 the Indian population has increased from 450.55 million to 1.41 billion people. This is a growth of over two hundred percentile in sixty one years. But I still think that India is on the right track to become the world's 3rd largest economy by 2028-2029.
