INDIA - Dream to achieve

 Back in 1947 when we are free literacy rate was 12%, nominal GDP was somewhere 30 Billion USD, only 1500 villages were electrified, life expectancy was mere 32 years. But in next 73 years India has become World’s 5th largest economy in Nominal terms and 3rd largest in PPP terms, the literacy rate is over 80%, life expectancy grew to 70 years and electricity reached close to 100% (barring a few remotest villages in Kashmir and Chhattisgarh).

India is far from a perfect nation but let’s appreciate what we have achieved so far and what is there to achieve.

Back in those days India barely had only one home-grown car company (Hindustan motors). But from there today India has become World’s 4th largest Car maker behind China, USA and Japan.

In militarily, India was first nation outside Security Council to test the nuclear bomb. India is among 4 nations to achieve nuclear triad. But the Public sectors like HAL, DRDO, BEL, BDL needs more support and more investment towards R&D.

In space sector, India is 7th country with launching capability (Rohini-1, 1980), 5th country to reach lunar orbit (excluding ESA) and first country to reach Martian Orbit in 1st attempt.  India is only among 6 nations to have its own developed liquid propulsion and cryogenic engine, have its own Geo-positioning/regional satellite system.

India is 3rd largest Energy producer, 2nd most no. of cities with a MRT (Mass Rapid Transit), 6th largest manufacturer based on value added and one of the leading IT industries in the World, 3rd most no. of Tech Unicorns (start ups with valuation of over USD 1 billion), 7th most no. of entries in Forbes Global 2000 in 2019 and 2nd largest with gross value of Agricultural production.

Currently we are 3 trillion Dollar economy. But we must work hard to achieve as a 10 Trillion Dollar Economy (distant 3rd largest economy behind China and USA) in next 12-15 years. For that govt must invest more and more on infrastructure, our financial institutions need to get strong, political willingness and constructive criticism from opposition, should be more open to the foreign companies, strong judicial system to counter corruption and most important is people should follow the protestant work ethic to achieve that.



Comments

Post a Comment

Popular posts from this blog

Asian Dream - China, Japan and India

Image
Many experts, politicians, scholars believe 21st century is going to be “Asian Century”. To make this a reality 3 countries should come and work together – Soaring Dragon, Rising Elephant and Assertive Godzilla i.e. China, India and Japan. Below are the reasons I would like to mention – 1. Nominal GDP wise top 3 Asian countries are China, Japan and India. In terms of PPP, the order is China, India and Japan. For a rising Asia, these 3 countries should join hands. 2. In terms of Forex Reserve, the Top 3 Asian economies are China (>$3 Trillion), Japan (> $1 Trillion) and India (> $500 Billion). Surprisingly these 3 nations are also top 5 in the World. 3. China, Japan and India also has 6 (JPX, SSE, SEHK, SZSE, BSE, NSE) out of World’s Top 12 biggest Stock exchanges in terms of Market capitalization. Imagine the enormous potential if we create something like Euronext in Asia. 4. China, Japan, South Korea, India and Taiwan are always featured in top 10 nation Fortune Global 2000 c
Read more

India's Supercomputer Journey

Image
 India's Supercomputer journey is no less than an astounding achievement. In 1987, USA declined when India asked to purchase Supercomputers, developed by CRAY thinking India may develop nuclear weapon from it. The CRAY supercomputer, designated No. 1205 by Cray, was built for the Indian Institute of Science in Bangalore but it was never delivered. At a conference at CSIR (Council of Scientific and Industrial Research), in 1987, Rajiv Gandhi was discussing this problem with many renowned Indian scientists. They expressed their discontent on the PM asking other countries to setup India’s supercomputer. DoE established the Centre for Development of Advanced Computing (C-DAC) with initial investment of Rs 300 million produced PARAM 8000 supercomputer in 1991. Dr. Vijay P. Bhatkar is known as Father of PARAM Series Supercomputer. Indian scientists developed their supercomputer by linking together as many as 256 small, readily available computers in a technique known as massive parallel
Read more

India's preparation for upcoming Tokyo Olympics

Image
 As we are going towards Tokyo Olympic next year, let's see how we performed in Asian and World Championships in 2019. Archery Asian (Bangkok, Thailand) 1 Gold, 2 Silver, 4 Bronze World ('s-Hertogenbosch, Netherlands) 0 Gold, 1 Silver, 2 Bronze Athletics Asian (Doha, Qatar) 3 Gold, 7 Silver, 7 Bronze World (Doha, Qatar) 0 Gold, 0 Silver, 0 Bronze (Created 3 new National Records) Badminton Asian (Wuhan, China) 0 Gold, 0 Silver, 0 Bronze World (Basel, Switzerland) 1 Gold, 0 Silver, 1 Bronze Boxing Asian (Bangkok, Thailand) 2 Gold, 4 Silver, 7 Bronze World (Men : Yekaterinburg, Women : Ulan-Ude, Russia) 0 Gold, 2 Silver, 4 Bronze Cycling   (As this is new sport, considering Junior Asian and World Championship performance of Track Cycling. There are also BMX, Mountain and Road Cycling) Asian (Jakarta, Indonesia) 4 Gold, 4 Silver, 2 Bronze World (Frankfurt, Germany) 1 Gold, 1 Silver, 1 Bronze Fencing Asian (Chiba, Japan) 0 Gold, 0 Silver, 0 Bronze
Read more