This is India, the fifth largest economy in the world, the second largest country in the world in terms of population, which is going to become the most populous country in the world by beating China in a few months. It is being said that in the 21st century and beyond Even in the coming centuries, India will remain the most populous country in the world.
In the past few years, the way India’s economy has dominated the world has surprised everyone. Analysts are predicting that by 2026, India will leave India behind. Will become the world’s fourth largest economy. According to a report of World Bank data, about 2 crore people have come out of poverty in India in the last 20 years.
Economic pundits have declared India to be next to China. After all, what has India done in the last few years? What has happened is that today it has reached the top in the list of fastest drying economies of the world and is the rest of India going to become the next China or is it going to crowd out China economically too? Is all this really a reality or just a propaganda and What is the lesson for Pakistan in all this? The Indian subcontinent was one of the richest countries in the world thousend of years ago.
25% of the world’s trade was through this subcontinent. Then came the British who, after ruling India for 200 years, Leaving it in this condition, the country called the Golden Bird had grown rapidly and everywhere people who had been suffering from poverty and hunger for thousands of years were at each other’s throats.
Well, in 1947, India and Pakistan got independence after one and a half years. Across the border, the Communist Party took control of the core in China. India, Pakistan and China had almost the same beginning, where all three countries were victims of lack of resources, corruption and political instability, while Hong Kong, Singapore and South Korea progressed steadily.
China is becoming one of the Asian Tigers. At that time, Chinese officials were very impressed with the progress of Singapore. Chinese officials used to go to Singapore to study the Singaporean model. Now seriously, there is a big difference between Singapore and China, like the population of Singapore was 0.5% of the population of China.
But one thing which was attracting the leaders of China was that how Singapore has progressed so much in an authoritarian regime. Now the story of Singapore is also very tremendous. It is a poor country whose more than half of the population is addicted to drugs. In just a few years, it became the richest country in Asia and then in the world.
China started following Singapore very clearly. In 1978, the Chinese leader of that time, Danger Ping, The Open Door Policy was announced in 1977, meaning that foreign companies could now set up companies in China very easily. China’s biggest advantage was a very large and cheap labor force.
This was also the era of industrial revolution and the factories were losing money to the killed and cheap workers. That’s why there was a huge manufacturing boom in China in 1980 and 19. The production of low end products like toys, plastics and lines etc. shifted to China. During that time, China’s annual growth reached 10%.
This was the time when India also opened its doors to the outside world and from 1991 onwards India embarked on a very strong growth project. On the other hand, this was the time when Pakistan was living under the deep clouds of martial law and political instability. No elected government could adopt its It was not keeping time.
There was a change of government after every 2 to 3 years. There was a strange look in the eye. Every new coming government used to discontinue the policies of the old government. When the political setup is so weak, investor confidence is very low. It turns out that this is the area where India defeated Pakistan. India is the biggest democracy. India got independence along with Pakistan and was in almost the same condition, but till date, martial law has never been imposed there, nor has the Army ever imposed it. It is not the office of the elected government
and that is why there has been continuity in the policies there with time. Another big advantage that India got was that India is the second largest English speaking country in the world where about 10 12 crore people can not only understand but also speak English. This was the reason why India became a very desirable country in Asia for the Western World.
The second big advantage that India got is a very large population in which almost 58% People are less than 30 years of age. In 1950, the population of China was almost 55 crores and that of India was about 35 crores but in the last 70 years it has increased by 30090% and is still increasing at this rate at which according to the United Nations, by 2050, India 20 crore more people will be added to the population of India.
With such a huge manpower, India will be giving competition to China in cheap labour, but it has already started to a great extent. Components of the latest iPhone of the Indian company Tata Apple in the Indian state Tamil Nadu. Manufacturing According to the Economic Times, in the next few years, India will become the world’s largest iPhone manufacturing country and if we go back a few years, China was completely dominating the production of iPhone.
Similarly, according to some reports, in the next 20 In 30 years, at most 50 crore people in India will join the middle income class. There is no such large middle class anywhere in the world. When these people spend money, domestic demand will increase, the cash flow cycle will expand and the economy will grow and that is why many economic pundits say that They are also predicting that between 2017 and 2030, India can become the world’s third largest economy by beating Japan.
In the last 5 years, India has got many manufacturing jobs which were earlier given to China and it seems that Now India is going to become the next global workshop. After the huge population, the things which have helped in growing India include administration digitization due to which the government processes are done at a very fast pace.
For example, Indian government is now doing public education through digital system. And the biggest benefit of this is that the people have got such a thing that now the ad money directly reaches the people and the scene of repeatedly having to go to the government offices and appease the brokers has now reduced considerably.
Apart from this, development of infrastructure like national road network which has increased by 50% since 2014, similarly air facilities have increased by 50% due to which free transport is continuously increasing, affordable internet facility, easy access to smartphones and data, single tax regulation.
And cheap telecommunication services. These are the factors due to which the Indian economy has literally expanded in the last few years. Due to all these facilities, a tremendous startup culture has come in India. You will probably be surprised to know that according to the latest statistics of 2022 in India. There are also unicorns whereas in Pakistan there is reportedly only one local unicorn.
To attract foreign companies, the Indian government has launched a plan of 26 billion dollars in which multinationals will be able to hire local talent at low salaries and because of this, Samsung and Fox Like the company is expanding its operations in India and finally there are those 30 million Indians who earn money in other countries and send money back to their families in India.
In 2021, India received remittances worth 90 billion dollars which were sent to them by experts. But now it is not that everything is good in India, there are still many areas where India is struggling a lot like Pakistan and it has to be reduced a lot. In 2014, Nokia’s biggest plant in Chennai was closed due to which.
Nearly 8000 workers became jobless. The reason for the closure of this plant was tax dispute. Due to complex tax regulation and import tariff, many foreign companies now avoid investing in India. After 2018, Modi government reduced the import tariff due to which many Foreign companies are again looking towards China for chip labor.
Similarly, poverty has reduced in India in the last few years, but the poverty gap is still very high in comparison to other developed countries, according to the National Household Survey to be published in 2020. According to this, only 9% of the population has a computer while 18% people have a washing machine and only 8 % have their own car.
According to the National Consensus report, still about 27 crore Indians are victims of poverty. These are the areas where these There is a dire need for both the countries to reduce, till now, most of the progress of India has not been translated from paper to ground. Similarly, according to a report of 2017, about 25% of Indian children between the age of 14 to 18 years do not know anything in their own language.
Can’t even read or write Unemployment Unemployment is also a big spice of India Along with the increasing population, unemployment is also increasing continuously and the same situation is in Pakistan too. Recently these statements were published in a magazine named Capital Startup that in Pakistan almost 4000 HD holders are unemployed and this unemployment is the biggest reason for the increasing crime rate in India.
Since the population is very large, unemployment is also very high and after Coronavirus, this unemployment has increased a lot. According to a study, in 2021, the number of unemployed The number of graduates was 19.3% whereas this ratio was 15.1% in 2020 and 14.9% in 2019, which means that despite being educated, it is becoming difficult for the youth to find jobs.
Similarly, India and Pakistan are drinking like old people in corruption. India Transparency International According to statistics, it is the 85th corrupt country in the world while Pakistan comes at number 140. Apart from this, a big spice of India is the caste system where the people of lower caste are deprived of many opportunities.
Apart from this, there is religious and secretarial tension which On the other hand, in Pakistan, there is no system of caste etc., but there is definitely a difference of priority, religious fanaticism and intolerance are a big spice in both these countries and the responsibility of getting rid of these three things lies with the religious and political leaders.
It happens but unfortunately, both the countries have been very lucky in this matter. The leaders of both the countries have put the people behind the lights of the trucks. For the sake of votes, they have made enemies of each other in the name of casteism and religion. Such deep enmity is there.
Beach boy, both the countries have been busy humiliating each other for last 70 years and on the other hand, where has the world reached? Even the European countries, which lost millions of each other’s people in the World War, have now forgotten everything and moved ahead. We can go to France on the victory of Germany.
If we go back 80 years from today, no one could have imagined that these two countries, who are such bitter enemies of each other, would ever use the same currency and visa, they would definitely love their country, but they would not have mutual respect for each other. Whatever has happened in the past has happened, now is the time to move forward.
Both the countries cannot bear any war now. I have great hope that the youth of these two countries will now change this situation; instead of hatred, they will talk and Change will definitely come and the future of these two countries lies in it. It may take some time but not darkness. Pakistan very badly needs a long-term democratic .This change will have to be ended finally. Like India, an independent policy will have to be adopted immediately, where only the benefit of the country should be seen and military cooks should not be allowed under any circumstances. Whether India will be able to beat China in manufacturing or not, it remains to be seen.
Just told, but in eliminating poverty, it will have to go ahead of China in any case. What is your question about this Blog? Do tell in the comment below.
