What is the real state of India..? Developed country..!?
Speaking at the red Fort on the occasion of Independence Day, prime minister Narendra Modi set an important target of making india a developed country in the next 25 years. Setting an ambitious target of making india a developed country by 2047, the prime minister formulated a renewed plan to reduce import dependence and increase domestic production. But how to make india a developed country..? What measures can government officials take to make india a developed country in the coming decade..? Can india easily become a developed economy..? Beyond that, it should be remembered that india has moved from the list of low-income countries to middle-income countries. It should also be remembered that this development did not come easily.
India was classified as a 'Third World country when it gained independence from british rule in 947. But in the last seven decades, India's Gross Domestic Product (GDP) has grown from a mere Rs 2.7 lakh crore to Rs 150 lakh crore. india is the world's sixth largest economy with a GDP of USD 2.7 trillion and is currently classified as a developing country. india is expected to grow by more than 7% in the current fiscal year ending march 2023. This is the highest growth among major economies.The World bank currently classifies india as a lower-middle-income economy based on data. This means that india is the only country in the list of countries whose per capita gross national income is between $1,086 and $4,255. High-income countries such as the united states have a per capita income of $13,205 or more. According to World bank data, India's per capita income in 2021 was $2,277.4. The per capita income of developed countries like China, the USA, and the UK is $12,556.3, $69,287.5, and $47,334.4 respectively. There is a difference of around 10000 dollars between india and China.A developed country is generally characterized by relatively high economic growth, a high standard of living and high per capita income for all people, and a good performance on the Human Development Index (HDI), which includes education, literacy, and health. Deep-rooted inequality in india is a key issue to transform the country into a developed nation. It has steadily risen over the past few decades, making room for growth smaller for all. India's overall literacy rate has gone from just 18.3% in 1951 to 74.4% in 2018. According to statistics till 2018, India's male literacy rate is 82.4% and the female literacy rate is 65.8%. This highlights significant gender inequality in the country.India also has the highest number of illiterates in the world with more than 5% of the population still illiterate. There is no doubt that India's education system has grown tremendously in the last 75 years, but there is huge room for growth. This is a problem not only in the education sector but also in health, manufacturing, service sector, exports, people's livelihood, lifestyle, infrastructure, environment, sustainable economic development, and so on.