HOW INDIA CAN
BECOME RICH
The richness of
one person can be defined with his wealth status but richness of country
depends upon several factors so let us
look into those facts
India is being
transforming itself from ancient time till to this date it overtook several
problems so in-order to become rich/super power it needs to evolve in several
areas like education,health,business,employment etc
GDP
The first
and for most concentrate should be on increasing country gdp, india has 147.72 lakh
cr gdp in 2021-22 india contributed 3.3%to world gdp
Need to
increase tax paying rate india has about 82.7million people who pay tax which
is 6.25% of 139cr people more quality tax collection leads to more superpower
richness
In 2019
17.91 million international tourist arrived at india in the year 2020 travel and tourism industry
contributed 121.9 billion to country gdp
Working
towards in increasing above information will directly increase country richness
One of
the best way is to reduce imports and promote made in india products because
china holds 80% toy share and 75% smartphone share in india and according to 2017
survey 83% of Indians use china products so Indian govt should work on reducing
imports and concentrate on export
Entrepreneurship
One the
area should be on list is increasing enterpreneurship by breaking barrier of
monopoly
Today
india has 41.061+ start-up business in india which generates more than 4.5lakh+
employment to people on a fact note
india stands in 3rd largest startup hub
From
2016-2018 indian startup business bought 10billion+ rupess to india which indirectly helps in building economy
Today
bangalore alone has 67.000 it companies registered in bangalore and 40%to 50%
Indian software engineers are in bangalore and it has more than 13000+ startup
business in it
If Indian
government Concentrate in increasing above facts our country will be top rich
country.
Education
Someone told me that person first evolution starts when he learns education
that is why
India
holds 8th rank in having most number of successful science and
engineering graduates
Should
attract talents as usa do for example usa allowed elon musk who is from another
country to setup his business in usa
In order
to become rich country education is very important tool employment should be
given based on skills grades should taken into secondary consideration if
properly this method is implemented india can be in nor 1
HEALTH
One of
the main area of concern should in improving healthcare sector of india
we already know that india is medical land which has more than 8000
medical plants it should really use it to fullest
According
to Indian external affair ministry has issued more than 1 million medical visa
and nearly 10% of overall revenue of india comes from foreign patients
In 2019
36billion $ were spent by Indian government on healthcare sector In 2017-18 indian healthcare provided 1.35%to
total gdp
if proper
quality medical treatment given without any scam the total contribution from
health industry will definitely increase
OTHER
FACTORS
Indian
government should concentrate on starting unicorns( a business which has 1
billion value) concentrating on companies like that will give raise in
establishing stable employment in the country
One of
the main to concentrate in order to become rich is to have less terriorism
activity less terriorism activity leads to high capital investment in the country
According to Indian skill report 4.6% skilled labour are there in india 94% of youth don’t have any industrial skills since india has high rate of workforce and other foreign country concentrate on working with Indian workers ,Indian government should have more skill development programme.
India
should try to implement foreign modern healthcare system with traditional health
system more a combination of bit of both will raise Indian health sector which
will ultimately help in development of country richness
Should
build more megacities and megaprojects so other country company will invest in
our country
Trading
always boost economy of the country in india 18% of production cost for the
product will increase due to cost on transport and logistics so Indian
government should build projects like
Golden
quadrilateral project
Mumbai/delhi
express way
In more
number and also concentrate on foreign tourism in the year 2019 17.91 million
international tourist has arrived to india concentrating on travel and tourism
industry will definitely increase india’s richness in economy
India
should also concentrate in having more number of river routes which generate
4million new jobs
indian government should also concentrate on space research and development so other country space agency will also collaborate with us and share there technology which ultimately benefit country economy richness
in singapore it take 4to5 license to start a hotel business but india it take 60to70 license to start hotel business so indian govt should bring reforms in rules and regulation and provide adequate infrastructure so other big companies start investing in our country
richness of country also depend on country security too according to rajesh pant 4million malware are detected everyday in in india so a track of illegal activities,scams,spams and cyber attacks should be taken into consideration
india government should also concentrate on creating more number of incubaters,accelerators,venture-capitalist,private-equity by having less corruption,poverty rate,overpopulation and corrupted leaders
one of the best source to increase country richness is having strong banking system which mobilize public savings and also since other foreign country investment is important to india, india should should not fall in debt trap of other countries
conclusion
in development of country economy it is responsibility of citizens as well to contribute in country economy,india has given several innovation too world if every good thing will be at there right place india can be next richest country as well as next superpower nation
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