The Big ❓ How can India be a developed country by 2047 ❓The Big ❓ How can India be a developed country by 2047 ❓
“I don’t think it is plausible, but it is feasible. To do it, India will have to do something pretty close to what China did in the 20 years leading up to 2012. Even if it doesn’t, and merely continues on its present track, India is likely to become, by most definitions, a superpower by the middle of the century,” Wolf said in a talk titled "What would it take for India to become a developed country by 2047."
In his recent visit to India at CUTS 40th Anniversary lecture in New Delhi, Martin Wolf, the Chief Economics Commentator, The Financial Times, London has presented his views for 30 minutes. He made it clear that India needs to work on three key points — Industrialisation, Education and Unemployment.
(The CUTS lecture) https://www.youtube.com/live/o6Mnf1IanyI?si=nZl8SasAroFBiXJ5
I agree to Wolf's remarks as these are the biggest constraints that can possibly dent India's chances of becoming a developed nation. I want to add income gap as another major constraint.
What do you say?
First of all India requires to abolish casteism and gender inequality.
Yes, you're right! These are some of the worst things here.
I think India should bolster its agriculture to achieve this feet. I know many may be surprised but it's something that I believe india can do easily and be the world power!
How is India going to do it? Can you please add a suggestion?
Smaller and more productive workforce in agriculture
USA: In 1776, 95% of the workforce was in agriculture By 1976, that number was 5% Today the number is less than 2%
Yes, it should be. The dependency on Agriculture in India is too much! However, I don't see it happening here. The size of farms is so less here.
Settle international trade in Bitcoin. Hold the surplus. The strength of their treasury will bolster the rupee and make their capital markets more attractive.
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