India as a developed country by 2047

[odunybiz]

India celebrated it's 75th Independence on August 15, 2022. During this celebration, the prime minister, Narendra Modi set an ambitious goal for the country, which is to become a developed nation by the time India celebrates its 100th Independence Day in 2047. India’s per capita income has keep increasing in recent years.


This is still far behind the per capita income of the developed countries like USA, UK, Japan, South Korea. As at now, India is a lower-middle-income country as per the World Bank classification.

https://www.worlddata.info/average-income.php

India has to cross upper-middle income economy status before becoming high-income economy. At present, India’s economy is facing several challenges such as inflation and high wealth inequality.

How can India become a developed country:
👉👉The government must put a priority on the social and economic development of the nation, for which appropriate government schemes must be implemented.

👉👉There must be reduction in wealth inequality and improvement in HDI score: The government should increase the spending on public services such as healthcare, education, transportation etc.

👉👉Increasement in foreign investments: This will help to improve economic opportunities of the nation and bring in more foreign investment and more jobs. The government needs to provide a significant boost to the manufacturing sector for economic growth.

Reference: https://www.groupdiscussionideas.com/india-as-a-developed-country-by-2047/

CONCLUSION
Although almost all country are face with inflation recently, some adjustments in the economic sector can help to ease the citizen as well improve the country's development.

[1715356892]

1715356892

[Fivestar4everMVP]

India celebrated it's 75th Independence on August 15, 2022. During this celebration, the prime minister, Narendra Modi set an ambitious goal for the country, which is to become a developed nation by the time India celebrates its 100th Independence Day in 2047.

Congratulations and happy independence to India.
The goal the prime Minister set is one of those bogus political goals that never get fulfilled, it is on occasions like this that we hear politicians promise things, set goals that they never live up to, or even try to fulfill.
I am not an indian, but I do have a family member there, and let's just hope they work towards achieving the goal, for the good of the country and its citizens.

Although almost all country are face with inflation recently, some adjustments in the economic sector can help to ease the citizen as well improve the country's development.

The truth is that, every country is blessed in their different ways, but the major problem is our politician who know what is right, what to do to lift the country out of its numerous financial problems, but won't do it because they just can't get enough of looting public funds.

[Fortify]

India celebrated it's 75th Independence on August 15, 2022. During this celebration, the prime minister, Narendra Modi set an ambitious goal for the country, which is to become a developed nation by the time India celebrates its 100th Independence Day in 2047. India’s per capita income has keep increasing in recent years.

This is still far behind the per capita income of the developed countries like USA, UK, Japan, South Korea. As at now, India is a lower-middle-income country as per the World Bank classification.

India has to cross upper-middle income economy status before becoming high-income economy. At present, India’s economy is facing several challenges such as inflation and high wealth inequality.

How can India become a developed country:
👉👉The government must put a priority on the social and economic development of the nation, for which appropriate government schemes must be implemented.

👉👉There must be reduction in wealth inequality and improvement in HDI score: The government should increase the spending on public services such as healthcare, education, transportation etc.

👉👉Increasement in foreign investments: This will help to improve economic opportunities of the nation and bring in more foreign investment and more jobs. The government needs to provide a significant boost to the manufacturing sector for economic growth.

Reference: https://www.groupdiscussionideas.com/india-as-a-developed-country-by-2047/

CONCLUSION
Although almost all country are face with inflation recently, some adjustments in the economic sector can help to ease the citizen as well improve the country's development.

It's a bit of a bizarre proclamation to make, being a developed country is a bit more than just reaching a certain level of GDP per person. What's crazy is China has vastly overtaken India in the last couple decades to become a manufacturing hub and used all of that knowledge to slowly upskill their workforce. India has pretty much stood still or even gone backwards in that time, they have a lot of cottage industry but are not thinking strategically when it comes to business planning. With their recent decision to side, or at least make economic gain, with Russia in the war they started against Ukraine - they will increasingly be looked at with suspicion and this can harm their future development for a few short term gains.

[Poker Player]

From here to there, things will happen that we probably can't even imagine today. Let's imagine, for example, how the use of the Internet in the world was 25 years ago compared to today.

Regarding wealth inequality, I agree that governments should guarantee education for all and access to healthcare, which does not necessarily have to be managed exclusively by the public sector. I hope that with the development of the country, these aspects will improve.

What I tend to believe is that the solution to poverty problems does not usually come from a politician making laws, rather it usually comes from letting people progress with their initiatives without crushing them with taxes and regulations.

[jrrsparkles]

If I am not wrong India is already on the track of making it and there is no surprise if the goal reaches sooner than expected because we all know they are becoming more and more powerful in both World politics and economics, governments also support them a lot to lower the supremacy of China in many fields.

[fiulpro]

1. Most of the countries are already favouring India over other countries for production of raw materials and even finished goods due to better quality and affordable price.
Therefore I do think that big companies are not only targetting India but they are also improving the production as well here, soon enough you won't have to ask your friends from other countries to come and carry around your iphones.

2. India's economic growth is increasing tremendously which also means that after surpassing UK it would soon be able to surpass other countries as well, one should understand that countries like UK are only economically ahead because of the population overexplosion in India, this we need to get it controlled first.

[newIndia]

I think, the first and foremost goal is to make India a $5T economy. This will happen through stock market movement. With the current pace of growth of Indian stock market indices, i.e. SENSEX and NIFTY, I think, this is achievable.

[teosanru]

I think if we are talking about 25 years ahead, with right set of governance it's a very realistic goal. 25 years is a good enough time to change any nation. It's because 25 years is a time span where atleast two of your school-going population will become the workforce. This means if focused correctly on education these people can become the best brains of the country. Not to forget India is already growing at a good stage only major challenge which we have is Overpopulation which can be turned into an advantage as well if the dependent population can be reduced, second is brain-drain due to which a hell lot of population is moving outside, this needs to be stopped really, third I feel is Lack of cheap healthcare facilities which can be changed easily in the coming years. Given this India can easily become a developed nation.

[BIT-BENDER]

In my idea I believe India has it takes to be a developed country. The most populated nation in world with good majority of them are youth, this country is well represented in the list of the richest men in the world and has a very industrious nation.

What I think is that the Indian can tap into their national resources with is their number and then really create a very strong empire. The can start to rebrand some of their industries especially their automobile industries, with they Already have TaTa mobile and some other companies. India can begin to export goods that are high in demand and the most important of them All is good governance.

[DrBeer]

It is very good when the country and its citizens, first of all, understand the real state of affairs in the country here and now. This is important, because without a real picture, it is useless to change something, as wrong decisions will be made.
And secondly, they set a goal to become better. It is very important.
One simple question remains - what, according to your criterion, are the indicators of a DEVELOPED COUNTRY? You can bring, well, let there be 10 points, which, with a probability close to 100%, will indicate that the country is DEVELOPED?
And then it will be possible to discuss how to achieve these indicators, and whether they can be achieved, taking into account the local features of the economy, politics, history and other things.

[be.open]

All economies of the world are divided into developed, developing, Japan and Argentina. The transition from one category to another within the framework of the existing economic paradigm is impossible or extremely difficult.

[DrBeer]

All economies of the world are divided into developed, developing, Japan and Argentina. The transition from one category to another within the framework of the existing economic paradigm is impossible or extremely difficult.

... well, why is it impossible?
History knows cases of a fairly quick (in historical terms) transition from the level of "backward" to "developing" and to "developed". For example Singapore.
But there are examples and the opposite - from developing or approaching developed. For example North Korea. Or a slightly more northern "great" country, which for some reason is trying to slide into the "Stone Age" as quickly as possible. Or here's another example - Iran, compare the progressive Iran of the 60-70s, and what it has become ....
So everything is possible

[South Park]

I think if we are talking about 25 years ahead, with right set of governance it's a very realistic goal. 25 years is a good enough time to change any nation. It's because 25 years is a time span where atleast two of your school-going population will become the workforce. This means if focused correctly on education these people can become the best brains of the country. Not to forget India is already growing at a good stage only major challenge which we have is Overpopulation which can be turned into an advantage as well if the dependent population can be reduced, second is brain-drain due to which a hell lot of population is moving outside, this needs to be stopped really, third I feel is Lack of cheap healthcare facilities which can be changed easily in the coming years. Given this India can easily become a developed nation.

Overpopulation was the very first thing that came to my mind when I was reading this projection, without a doubt India is a country with a lot of possibilities and potential but the large number of their population is something that plays against them, because in order to become a developed country a great deal of infrastructure will have to be built and the costs will be massive, so India will have to find a way to leverage and take advantage of the huge population they have, and if they don't then it will be very difficult to reach that goal by that time.

[2stout]

It is a rather ambitious goal, not sure when it will happen but it could.  The key to this is going to be infrastructure- new and current deployments and also addressing deficiencies in existing infrastructure.

[Rruchi man]

By the year 2047 India which currently is a developing country, should be able to become among the developed countries of the world, while the currently underdeveloped countries take its place as developing countries of the world. They cannot remain the same forever hence their position as a current developing country must be replaced. A big challenge the economy of India currently faces is the problem of overpopulation, once the government is able to put that in check and arrange amenities/packages that can accommodate the number of citizens they have, then India will be able to be counted as one of the developed countries of the world

[trendcoin]

...
Or here's another example - Iran, compare the progressive Iran of the 60-70s, and what it has become ....
So everything is possible :)

Progressive Iran of the 60s and 70s? :) What community can the bourgeois revolutions advance? What do bourgeois revolutions do other than create a handful of elites and capitalists? Iran is certainly not an ideal state in my eyes, but the bourgeois revolutionaries are nothing but snobbish people who look down on their own society. That is why they have failed all over the world. :)


The whole world is going through difficult conditions caused by the pandemic. We have to have great ideals to overcome the difficult conditions we live in. For this reason, we need to convey our ideals to the public in an objective format by preparing projections that shed light on the following years. Otherwise, we may show psychological reactions that will make us stop resisting the difficulties of life as a society.

When I evaluate the agenda in this direction, I think that the Indian government is following the right policy. I don't care if their targets will be successful or not. I think they took advantage of the classical eastern politics.

[coupable]

India is a developed country as a result of all the civilizational changes that occurred in it throughout its long history with colonialism. India is a country that has suffered from continuous colonization throughout its history by multiple forces.
What it has been doing since the establishment of a good economic system is trying to gain a global position that would enable it to achieve economic gains.
Its biggest problem remains its huge population, in addition to its conflict with its neighbor Pakistan over the disputed region of Kashmir.
When we see its position on the Russian-Western conflict, it seems that it has great prospects for joining the ranks of the great powers.

[Vaskiy]

The government must put a priority on the social and economic development of the nation, for which appropriate government schemes must be implemented.

The country already have a big list of government schemes, but the government schemes reach the people through bribe and not through proper data collection. So, the right person won't get benefitted.

There must be reduction in wealth inequality and improvement in HDI score: The government should increase the spending on public services such as healthcare, education, transportation etc.

The ruling government follow specific religion and it doesn't insist on equality. So, we can't expect the wealth distribution to take place which can improve living standard.

Increasement in foreign investments: This will help to improve economic opportunities of the nation and bring in more foreign investment and more jobs. The government needs to provide a significant boost to the manufacturing sector for economic growth.

It provides good support for foreign investment, but taxes heavily. This keeps the investors hesitant to invest into India. The recent one that stopped its investment is Tesla.

[Gyfts]

India is a developed country as a result of all the civilizational changes that occurred in it throughout its long history with colonialism. India is a country that has suffered from continuous colonization throughout its history by multiple forces.

India is already a developed country - I was amazed to see - in singapore there is place called little india - where there are so many Indias.

Not really. Life expectancy is <70 and there's extreme poverty issues. I wouldn't consider India to be reasonably developed until they can develop their infrastructure to support their projected population growth. Realistically, they would've needed to start developing that infrastructure years ago if they wanted to keep pace with the current population, let alone whatever their future population growth rates are.

Oddly enough, India will surpass China in population growth, but China's economy will still outpace India.

[so98nn]

India can easily achieve that goal within the speculated timeline however there is one problem with the Indian infrastructure and the way things work in there. For example, lately I have seen so many news about corrupt politicians and how multi millions of dollars in cash form were ceased from their houses! Imagine if those politicians would have used it for the work which they were intended the development could keep forwarding on success path all the time.

I think they are already on to it so it’s good that some good digging is actually happening.