Prime Minister Narendra Modi's call for viewing India's (Bharat's) development in a global context signifies his vision of India's growing role and influence in the international arena. India's economic and political progress is not just significant for its own population of over 1.3 billion people but also for the world at large. Here are some key aspects of India's development in a global context:
1. Economic Growth: India's economy is the world's sixth-largest by nominal Gross Domestic Product (GDP) and the third-largest by purchasing power parity (PPP). India's economic growth rate has been consistently increasing, with an average growth rate of 7% between 2014 and 2019. The World Bank projects India's economy to grow at 11.5% in 2022, making it one of the fastest-growing major economies.
2. Demographic Dividend: India's large and young population is a significant demographic dividend. With over 64% of its population below the age of 35, India has a vast workforce that can contribute to economic growth and innovation.
3. Technological Advancements: India is making significant strides in technology and innovation. The country is home to several tech giants like Tata Consultancy Services (TCS), Infosys, and Wipro, among others. India is also a hub for startups and has the third-largest startup ecosystem in the world.
4. Diplomacy and International Relations: India's diplomacy and international relations have been strengthened under PM Modi's leadership. India has been actively engaging with other countries through various diplomatic initiatives like the Act East Policy, Make in India, and Digital India. India has also been a member of various international organizations like the United Nations, World Trade Organization (WTO), and the G20.
5. Infrastructure Development: India is investing heavily in infrastructure development to boost economic growth and attract foreign investment. The government is focusing on building roads, railways, airports, and ports to improve connectivity and reduce logistics costs.
6. Energy Security: India is the world's third-largest energy consumer after China and the United States. The country is investing in renewable energy to reduce its dependence on fossil fuels and improve energy security. India aims to achieve 175 GW of renewable energy capacity by 2022.
7. Climate Change: India is taking a leading role in addressing climate change and promoting sustainable development. The country is a signatory to the Paris Agreement and has set a target of reducing its carbon emissions intensity by 33-35% by 2030 compared to 2005 levels.
8. Space Exploration: India's space program, ISRO, has made significant strides in recent years. India has successfully launched several satellites for various countries and has plans to send humans to space by 2022.
In conclusion, India's development in a global context is a significant trend that reflects its growing economic and political influence in the world. India's economic growth, demographic dividend, technological advancements, diplomacy and international relations, infrastructure development, energy security, climate change initiatives, and space exploration are all areas where India is making significant progress and contributing to the world at large.
Published 205 days ago
Published 305 days ago
Published 305 days ago
Published 305 days ago