The economic reforms under way and the economic & institutional reforms on the agenda for the next few years, will sustain growth of per capita GDP at 7% during the decade of 2020s, to make India the third largest economy in the World in a few years. [...] We envision an India in 2050 in which the original vision of human equality embodied in the fundamental structure of the constitution is restored, the laws reflect the fundamental right to equality and the governance institutions are reformed to reduce the gap between the laws and their implementation. [...] The decline in the real PFCE/GDP ratio has also stopped after the global financial crisis, with the ratio in the process of stabilising after the balance sheet crisis (which culminated in NBFC defaults in 2019) and the series of subsequent shocks. [...] These shocks cause distress to the directly affected population; farmers & farm workers in the case of drought & El Nino, the urban population (including migrants) in the case of pandemic and the entire non-farm economy in the case of oil price rise & lockdown. [...] India can become a hub for the Indian Ocean region, with a web of logistics companies, shipping services, air lines and internet cables linking all the countries on the shores of the Indian Ocean and the Gulf and the islands of the Indian Ocean.
Authors
- Pages
- 108
- Published in
- India
Table of Contents
- Table of Contents 3
- Figures 5
- Tables 5
- 1. Introduction 7
- 2. Equality of Opportunity 8
- 3. Global Trends 11
- 4. Economy Growth Structure 21
- 5. Knowledge Economy Empowering Growth Drivers 42
- 6. Governance Public Welfare 59
- 7. Digital Economy Expert System AI 68
- 8. Green Economy 71
- 9. India as a Civilizational Power 75
- 10. Policy Vision Unshackling Job Creators 80
- Country Name 2003 2011 2020 2003 2011 2020 85
- India 85
- 2.3 2.3 3.9 4 3 1 85
- Uzbekistan 85
- 1.2 2 85
- Timor-Leste 85
- 1.2 3 85
- United States 85
- 1.1 0.8 1.1 7 9 4 85
- Nauru 85
- 1.0 5 85
- Average 85
- 0.2 0.3 0.2 85
- Avg-primary 1.2 1.4 5.2 85
- Average-all 0.5 0.6 1.6 85
- Note rank 1 Worst ie highest nos of specific duties 85
- Rank 85
- Specific Tariff rates in manufacturing of tariff lines 85
- Category Current Proposal 1 Proposal 2 Proposal 1 Proposal 2 86
- Consumer GS 193 177 82 86
- Govt GS 17 17 17 86
- Mixed GS 36 31 16 86
- Intermediate 130 123 118 86
- Capital gds 4 4 2 86
- Total 380 352 235 86
- 11. Summary and Conclusion 101
- 12. References 106
