Tuesday, 19 April 2016

Indian Inc. and the road ahead.....

In the utopian society, we might live in a society boasting of equality and equitable distribution of resources but in the actuality, things are far from being ideal and as per the world of our dreams. If we talk about the true state of the world with utmost veracity, a harsh and appalling truth awaits us all.
To understand the real structure of the world as a whole economically, first we need to be very much clear about the basic underlying principles of economics regarding the same. In our geographical world, two different imaginary world exists, one consisting of the first world countries comprising of developed nations like the United States of America, the Great Britain and most of the western Europe and on the contrasting side stands the third world countries, the developing ones consisting mostly of Asian countries with much less amenities and growth as compared to the first world countries. The developing countries are indeed the under-developed ones who have been given this name as a sort of inspiration that they too can sprang upon and soar high in development but still the bitter truth is that such countries are pretty much far away from gaining the tag of a developed nation and calling an underdeveloped nation a developing ones does no sort of help rather than just playing with the names…..
Our nation India is a developing country too (the best part of it being that it has far outshone the status of being an underdeveloped ones and is now working hand in hand with the biggest economies of the world). We have been independent for around 69 years now and the progress that we have marked up till now is surely extraordinarily great. After being left with almost nothing after the Britishers went away, the type of advancements that we have achieved are truly exceptional and we have come far away from being an underdeveloped nation but the crux of the situation is that we need to go a long way from now to reach the status of a developed economy. In my this article, I would like to point out some grounds on which we have not been able to progress heavily but my sole intent is just to focus on such issues for the best of the nation. I am not criticizing any government and also my intent is not to compare our nation with the US or the UK because I know it pretty well that we have been independent for only 69 years while on the other hand the US has been independent for around 240 years and the UK is nation where the sun never used to set down. I am going to primarily focus on the key issues where we lag just to encourage the people of the nation to come ahead and rather than playing a blame game on government, authorities or any other institution; change the destiny of the nation themselves.
 
India, after independence embarked on the five year plans policy but unfortunately the growth rates in the five years plans have been somewhat dismal. This is because out of all the eleven five year plans (currently we are in the twelfth (2012-2017)) only first, fifth, sixth, seventh and eighth have achieved the targeted growth while the rest have failed to get the desired results. Now, some more harsh truths come in the form of the actual progress that we have done. Today life expectancy in India stands at 64 years for males and 67 years for females while dismally in our neighbouring states like People’s Republic of China the figures amount to a life expectance of 72 years, more than ten years than that of ours. This was a short dekko at the health sector now moving on to the economic growth, according to Tendulkar committee report, 37% of our population is living below poverty line with around 302 million people bearing the brunt of poverty, the GDP too is not that much satisfactory. Today US enjoy a GDP(Gross Domestic Product) of 16.77 trillion, China stands firmly at 9.24 trillion while we are just 1.877 trillion GDP economy which stands roughly at one ninth of China. Other aspects like the GDP per capita, the quality of life, ease of business doing, and the education statistics, vociferously show that we have a long way to go ahead and our progress till now is not, by any standard, satisfactory for years to come.
Now rather than focusing on problems and giving redundant statistics which you might already know, it is more crucial to focus on the real remedy. The first and foremost thing to be done is to modernize our industrial sector. Though a lot of our companies have made remarkable progress globally but still the ease of doing business in our nation is poor. According to World Bank statistics on efficiency of doing business we ranked 142 among a total of 189 countries. The statistics clearly elucidate our current status. Though the Modi government has made a humongous progress by reducing the red tapes and also commencing great programs like “Make in India” in order to convert India into a global manufacturing hub but still a tremendous amount of work must be done. It is immensely pleasurable that the new government has made a lot of advances in the field, with Mr. Modi bringing so many investments to our nation from foreign heavyweight companies but still a great deal of work is prerequisite for us to stand up and rise as a global destination.
Talking about the poverty, in this respect a lot still need to be done in order to accomplish a considerable progress in the field. Our nation had more than half of the population below poverty line at the time of independence and today 37% population is below the infamous line, so this progress is truly exemplary but still a lot can be done. The money shelled out by the top leadership in order to revamp the conditions of poor is lost before reaching the hands of the paupers. Various other schemes are never executed because of the corruption ranging from alpha to omega of the bureaucracy, thus disabling so many honest attempts by the government and hence today we have a need to make our procedures transparent. More transparency would bear a more honest state and consequently corruption would start ending up. The new technology can be used up for the same. For example, earlier the tenders distributed by the government bore huge corruption in the selection of companies, but now as the whole process is being made computerized and the draws and selections are being made online, are leaving no space for even a speck of corruption, thereby producing paradigm results, such processes can be inculcated in the system so as to engender a better and more transparent nation where the impoverished are given the fair attention that they deserve.
Moving on to the health sector, we need to strike at the bottom. First of all, we need to have more and better quality colleges and institutions to foster the growing India’s demand of a better healthcare sector. Medical schools need to be developed and corruption here must also be checked. It’s a well known fact that seats for medical colleges are sold out for lakhs of rupees and the candidates who actually deserve the seats are made devoid of them, this things produces unworthy healthcare experts thus devastating everything that ensues further. If we stop such practices, more and more worthy candidates could come and thus give us better health amenities. Moreover, the numbers of hospitals, medical colleges need to be increased to a great extent. India current has around 2.7 hospital beds for 1000 people. This ratio is much lower than the ration recommended by the World Health Organization (WHO). Our flagship hospitals AIIMS are very much limited and hence not able to render services for the world’s second largest population and hence today is high time we take necessary steps in order to induce reforms.
Our education system too needs to be refurbished. Lack of awareness among people still leads to low enrollment ratio thus giving boosting malpractices like child labor etc. Such things need to be dealt with seriously. Today we need to harness the growing working population in the right manner. We have so much people in the working population category that other nations must be envious of us but our success would only depend on the way we manipulate them all to get the best benefits in order to take the society forward. Programs like “Skill India” are of great importance but still for extraordinary results and splendid performance we need to erect a good executionary structure which would execute the plan in the paragon manner.  
Our industry as a whole needs to be revamped. It’s surely not a single day work but could go on for decades but still the best part is we are working on it, we are trying for the same. But to make these efforts as much efficacious as we want, every Indian denizen must come ahead and give full support then only this great nation would survive to the fullest.

JAI HIND, JAI BHARAT
JAI MA BHARTI



No comments:

Post a Comment