The First decade of the 21st century has been one of the most comprehensive decades as it defaced the myopic vision of the Developed Nations and the ramifications of Capitalism.
While the whole world was grappling with the throes of financial crunch, there were a few economies which were actually thriving and flourishing in that difficult period. India was one among those envied few and it is now esteemed to be one of the few resilient countries who have managed to come out of the Global recession pretty soon.
There were a lot of financial as well as social hardships that India had to face in the 20th century. We saw numerous proactive measures from the Indian Government helping our economy to climb the staircase of development. With such diverse experience and firm determination, India has entered this new century to leave its mark on the world. With its rising status as a ‘soft’ power, India is increasingly becoming the ally that every country wants on its side.
The world is looking at India as a shining star of the 21st Century. The major reason for this is that the Indian Economy is now the second largest in the Developing World. India’s strong developing economy has been commemorated by the launch of the symbol for Indian currency that further shows our rising dominance on the international scenario. We also have an influential position in G-20, SAARC,BRIC, and ASEAN communities. Few of the reasons for the World’s confidence in the Indian Economy are strong Indian Banking Fundamentals, sound monetary and fiscal policy, impressive growth trajectory and IIP figures.
But in spite of these stalwart figures by CSO, showcasing a strong macroeconomic picture of India, the internal health of the system showcases an altogether different story. We are facing threats on both internal and external borders. The fluctuating pendulum from inflation to deflation, exchange rates changes, crude oil regime had a huge impact on India. All these also directly impacted not only the rural population but also the urban population.
Few of the questions which need to be answered in order to ensure that 21st century belongs to India are that the Demographic Dividend is on the rise but is our HDI, which is one of the lowest amongst Asian countries showing any improvement? There were some transitory austerity measures and Rural-Employment boosting programs such as NREGA by the government but does that resolve the purpose of alleviating our problems? Are we taking enough steps to bridge the so-called “Rural-Urban Divide”? Are we safe from the Internal Threats of Naxalism, Racism and Corruption?
While the whole world was grappling with the throes of financial crunch, there were a few economies which were actually thriving and flourishing in that difficult period. India was one among those envied few and it is now esteemed to be one of the few resilient countries who have managed to come out of the Global recession pretty soon.
There were a lot of financial as well as social hardships that India had to face in the 20th century. We saw numerous proactive measures from the Indian Government helping our economy to climb the staircase of development. With such diverse experience and firm determination, India has entered this new century to leave its mark on the world. With its rising status as a ‘soft’ power, India is increasingly becoming the ally that every country wants on its side.
The world is looking at India as a shining star of the 21st Century. The major reason for this is that the Indian Economy is now the second largest in the Developing World. India’s strong developing economy has been commemorated by the launch of the symbol for Indian currency that further shows our rising dominance on the international scenario. We also have an influential position in G-20, SAARC,BRIC, and ASEAN communities. Few of the reasons for the World’s confidence in the Indian Economy are strong Indian Banking Fundamentals, sound monetary and fiscal policy, impressive growth trajectory and IIP figures.
But in spite of these stalwart figures by CSO, showcasing a strong macroeconomic picture of India, the internal health of the system showcases an altogether different story. We are facing threats on both internal and external borders. The fluctuating pendulum from inflation to deflation, exchange rates changes, crude oil regime had a huge impact on India. All these also directly impacted not only the rural population but also the urban population.
Few of the questions which need to be answered in order to ensure that 21st century belongs to India are that the Demographic Dividend is on the rise but is our HDI, which is one of the lowest amongst Asian countries showing any improvement? There were some transitory austerity measures and Rural-Employment boosting programs such as NREGA by the government but does that resolve the purpose of alleviating our problems? Are we taking enough steps to bridge the so-called “Rural-Urban Divide”? Are we safe from the Internal Threats of Naxalism, Racism and Corruption?
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