There are many ways by which I can explain that this country will be a superpower in coming 5-10 year.
Analyzing the current scenario, there are 3 areas where India spends the most, which are:-
(a) Defence Equipment purchase; (b) Gold & (c) Crude Oil
Talking about Defence Manufacturing; Sir, today, India is the largest purchaser of weapon in the world. About 60% of its defense requirements are met from foreign countries, costing a huge burden on our economy. To cut this expenditure down, the Govt has opened defense equipment manufacture to the pvt sector. The FDI has also been expanded. This has encouraged the mega manufacturers of the world to collaborate with the Indian manufactures to produce weapon on Indian soil. Besides bringing in technology to this country, it will also provide thousands of job at all levels. This will also help in building domestic capabilities, bolster exports and add experience and expertise to the workers. Manufacturing in our own country will lower down the cost price of the product and also reduce dependencies. If one man get employment, he generates employment for nine others and GDP picks up momentum. More jobs mean lesser Naxalism and Terrorism. People living standard will also improve and they will provide good education to their children. When people start getting good education and improve their skill, it will also help our country to manufacture goods in our country. It will also save foreign exchange and because of which, the Govt will be able to build sufficient infrastructure, adding further impetus to growth.
As for Crude oil; India is dependent on other countries for crude oil. A lot of crude oil is spent in running motors, & generators to generate electricity & in transportation sector. To overcome generation of sufficient electricity, we are going for large scale nuclear, Solar and Wind energy. Nuclear Power is the 4th largest source of electricity in India after thermal, hydroelectric, and renewable sources of electricity. As of 2016, India has signed civil nuclear agreements with 13 countries. India now envisages to increase the contribution of nuclear power for electricity generation capacity from 2.8% to 9 % within 25 years. By 2020, India’s installed nuclear power generation capacity will increase to 20 GW. Solar power is also a fast growing industry in India. In Jan 2015, the Indian govt expanded its solar plans. We invested US$100 billion which will increase our present capacity from 8.6 GW (2016) to 100 GW by 2020. When ample amount of energy will be produced, then requirement of crude oil will decrease & we will save lot of money Which will enhance our GDP.
Now talking about Gold; Traditionally, India is the second largest purchaser of Gold in the world. Presently the country is working on Monetization of Gold. The Govt is on the path to motivate people to put their Gold in Banks. The govt wants to wean away people from physical holding of gold and has already implemented liberal gold monetization scheme and sovereign gold bond scheme. The moment we will control this gold purchasing, then we will also be able to curb the smuggling of gold.The temples in India hold huge quantum of Gold. Once gold reaches the bank, India will be in a position to raise its economy also check huge amount of corruption.
Few Other Indicators
(a) Road Constructuion: It has risen from 2 Km/day to 28Km/day since May 2014.
(b) Electrification of Villages: All villages will be electrified by the end of 2017.
NOTE: The cumulative effect of the above two will be humungous growth of rural India. A well connected Village with sufficient electricity, will shift the Industry to rural area, as land, labour and raw material will be available in plenty and at a fat far cheaper rate. Apart from agriculture, the farmer will have a second source of income i.e, Industry.
(c) Coal: Within a year of this govt coming to powers, we have moved away from coal importing nation to coal sufficient nation. This is an example of good governance.
(d) GST is on the verge of implementation. One Nation one Tax is likely to boost the GDP by at least 2 %. It will cut down prices as also corruption as no one will like to under-invoice their produce.
(e) Make in India, Skill India, Start up India, Stand up India and Digital India will make India a place to invest.
(f) Demonetization: A bold and much needed move by the Govt, which although, has been badly implemented, is bound to give us a rich dividends. There is always a great pain in transition stage, especially when it is not executed well. But this is the first mega step towards a clean and corruption free India and it will clean us a lot.
These are only a few Indications, which makes me believe that India will be a super power in 5 to 10 yrs.
(a) Defence Equipment purchase; (b) Gold & (c) Crude Oil
Talking about Defence Manufacturing; Sir, today, India is the largest purchaser of weapon in the world. About 60% of its defense requirements are met from foreign countries, costing a huge burden on our economy. To cut this expenditure down, the Govt has opened defense equipment manufacture to the pvt sector. The FDI has also been expanded. This has encouraged the mega manufacturers of the world to collaborate with the Indian manufactures to produce weapon on Indian soil. Besides bringing in technology to this country, it will also provide thousands of job at all levels. This will also help in building domestic capabilities, bolster exports and add experience and expertise to the workers. Manufacturing in our own country will lower down the cost price of the product and also reduce dependencies. If one man get employment, he generates employment for nine others and GDP picks up momentum. More jobs mean lesser Naxalism and Terrorism. People living standard will also improve and they will provide good education to their children. When people start getting good education and improve their skill, it will also help our country to manufacture goods in our country. It will also save foreign exchange and because of which, the Govt will be able to build sufficient infrastructure, adding further impetus to growth.
As for Crude oil; India is dependent on other countries for crude oil. A lot of crude oil is spent in running motors, & generators to generate electricity & in transportation sector. To overcome generation of sufficient electricity, we are going for large scale nuclear, Solar and Wind energy. Nuclear Power is the 4th largest source of electricity in India after thermal, hydroelectric, and renewable sources of electricity. As of 2016, India has signed civil nuclear agreements with 13 countries. India now envisages to increase the contribution of nuclear power for electricity generation capacity from 2.8% to 9 % within 25 years. By 2020, India’s installed nuclear power generation capacity will increase to 20 GW. Solar power is also a fast growing industry in India. In Jan 2015, the Indian govt expanded its solar plans. We invested US$100 billion which will increase our present capacity from 8.6 GW (2016) to 100 GW by 2020. When ample amount of energy will be produced, then requirement of crude oil will decrease & we will save lot of money Which will enhance our GDP.
Now talking about Gold; Traditionally, India is the second largest purchaser of Gold in the world. Presently the country is working on Monetization of Gold. The Govt is on the path to motivate people to put their Gold in Banks. The govt wants to wean away people from physical holding of gold and has already implemented liberal gold monetization scheme and sovereign gold bond scheme. The moment we will control this gold purchasing, then we will also be able to curb the smuggling of gold.The temples in India hold huge quantum of Gold. Once gold reaches the bank, India will be in a position to raise its economy also check huge amount of corruption.
Few Other Indicators
(a) Road Constructuion: It has risen from 2 Km/day to 28Km/day since May 2014.
(b) Electrification of Villages: All villages will be electrified by the end of 2017.
NOTE: The cumulative effect of the above two will be humungous growth of rural India. A well connected Village with sufficient electricity, will shift the Industry to rural area, as land, labour and raw material will be available in plenty and at a fat far cheaper rate. Apart from agriculture, the farmer will have a second source of income i.e, Industry.
(c) Coal: Within a year of this govt coming to powers, we have moved away from coal importing nation to coal sufficient nation. This is an example of good governance.
(d) GST is on the verge of implementation. One Nation one Tax is likely to boost the GDP by at least 2 %. It will cut down prices as also corruption as no one will like to under-invoice their produce.
(e) Make in India, Skill India, Start up India, Stand up India and Digital India will make India a place to invest.
(f) Demonetization: A bold and much needed move by the Govt, which although, has been badly implemented, is bound to give us a rich dividends. There is always a great pain in transition stage, especially when it is not executed well. But this is the first mega step towards a clean and corruption free India and it will clean us a lot.
These are only a few Indications, which makes me believe that India will be a super power in 5 to 10 yrs.
