[karan]

“can never be” is too rigid  a phrase to quote.

presently india is a $1.7trillion economy. the gap between 1.7-20 trillion might seem to be very large and scary but we need to look at several points before we say something so rigid.

1. India is currently in the phase of demographic dividend which can have a tremendous effect on the growth prospects of the country only if this opprtunity is realised completely with the help of adequate and efficient policy setup.

2. To reach to a level of 20 trillion theres got to be a combined and optimum  growth of all major sectors. India up till now has predominantly  witnessed  service led growth. so on the positive side we can say that with ample amount of skilled human capital, india still has a lot of potential to capture the fruits of other major sectors as well.

3. optimum allocation of resources coupled with weak implementation of policies has led to a downfall in growth rates compared to what should ve been if everything wud ve worked well.

on the negative side

reaching a level of $20 trillion is quite difficult as the demographic dividend will not stay for that long.

the said projection requires a serious effort on the part of the government to make it a reality.

India as a nation needs to consider and encourage human capital by investing more in every dimension(social, economic and political) to bear the fruits of a large economy.

India needs to change its path from an imitating to an innovating strategy.

[Author]

Posts