India, the world’s most populous country, is a major economic and political power in South Asia. Known for its vast linguistic, cultural, and geographic diversity, India has a rich history that spans thousands of years, with deep-rooted traditions in philosophy, science, art, and religion. Its large population and vast history mark its economic and cultural importance.
While India’s civilization can be traced to the Harrapan era, that is, 1400 BCE, its modern political boundaries were established in 1947 when it gained independence from British rule. It is now a federal parliamentary democracy with 28 states and 8 union territories, with New Delhi as its capital. India has a democratic system with a multiparty political landscape, with the Indian National Congress and the Bharatiya Janata Party being the two dominant national parties.
As one of the fastest-growing major economies, India is a global hub for technology, manufacturing, and services, while also being an agrarian powerhouse. It is a nuclear-armed state and plays a key role in regional and global geopolitics, maintaining strategic partnerships with various nations.
India is one of the most ethnically and religiously diverse countries in the world, home to multiple religions, sects, castes, and tribes. It has more than ten-thousand languages and hundreds of regional dialects, with Hindi and English serving as the two of the 22 official languages. Despite economic progress, India faces challenges such as poverty, unemployment, and environmental concerns, alongside managing its complex social fabric and regional disparities.
BJP has no clue with regard to bringing the economy back on rails. An year back there was publicity blitzkrieg about Defence corridor when Madam Nirmala came to Chennai and said Hundreds of Industries have signed up to collaborate with Defece depart.ent. Can soeo e tell e who has started manufacturing? NOT ONE.
IT IS NOT VIABME. AND BJP IS BEREFT OF IDEAS. MUCHESS THEY ARE CLUELESS.
Mr Kumar is right when he says that chaiwala wants maximum laws and control. As a matter of fact Indians hate wealthy people. Under the circumstances we have no option except to establish Public Undertakings. We must copy China. The golden rule is ‘Establish a pubic undertaking, sell it the day it becomes red’.
The author has just re-phrased fashionably, the content already published in some of articles on the subject matter..
chaiwala wants maximum laws and control so that he can nail as many people in illegal activities web by making legal activities illegal.
take for example the chidamabaram issue. FIPB like institutions doesnt even exist in most foreign countries which welcome investment.
But through such ‘rules’ legal is made illegal.
What people fail to understand is that much of the reforms needed are at the states. Look at the stupidity of Andhra Pradesh government, cancelling all contracts related to Amravati. What investor in his right mind will go to Andhra right now ? The AAP government in delhi and the regulator for the discoms destroyed the entire business model for power distribution. Then you have the ludicrous royalty expectations from mining contracts in odisha.
Rajasthan tried doing some reforms in land and labor but was kicked out of power and now you have mr.socialism gehlot ji back as cm. Kerala the state with the most educated population should hav been the start up hub of this country but currently has the highest unemployment. No one will move their factories here when industry is expected cross subsidize railways, highways and power for household consumers. We have inherited the bug of socialism and it will continue to kill any hopes for fast growth. The way the GST is constructed shows how bankrupt is our understanding of economics. All these articles are too optimistic. Yes we will become a 5 trillion dollar economy but it will take about 8-10 years.
Very true. This emphasises the need for genuine cooperative federalism. Centre and states as one seamless entity as far as investors are concerned. With the BJP controlling the Centre and so many important states, the process should become even simpler.
people like you want all power and no responsiblity.
What’s wrong with odisha’s royalty model? Why should miners get away with paying paltry amounts as mining royalties? only so that you can milk more? The royalty proceeds will go towards tribal welfare, education, public spending which is more important in the longer run. How else do they raise money?
Nothing wrong with labour laws. Labour laws implement dignity of labour.you want exploitative advantages. If there is a problem with how labour laws implemented ,address it. But you want a hire-fire economy.
So keep your laws don’t expect any investments
Shubh kaam mein deri kya … 2. China is celebrating its seventieth birthday today. At the cost of over simplification, the widely diverging trajectories of the two economies since 1978 can be attributed to economic reforms. 3. See the latest figures for core sector growth. What else do we require from the pathology lab to convince us that the patient needs to be wheeled into the OT for emergency surgery.
Deri isliye kyon ki if Indians get prosperous government loses it’s power. No government wishes to lose it’s powers, that true liberalisation entails. The kind of reforms that PM Rao carried out, where government gave up many of it’s powers to control economic activity. India governments wish to occupy commanding heights, the Mai baap Sarkar, doling out favours to it’s impoverished subjects. Cha-Cha Nehru started it, his daughter further improved on it and the present government intends to perfect it.