India As I See After 10 Years

-- Samiah, Class :IX-B, Kuwait Indian School

Thursday, January 21, 2021

India is one of the greatest countries in the world. It is the second most populous country(1.30 billion), the seventh largest country by land area(3.287 million km2), the most populous democracy and one of the fastest developing countries in the world.

In the span of ten years, a lot of changes are going to be seen in the geography, economy and power in India. By 2030, the Indian government aims to make India 81 percent electric vehicle nation. It has proposed that two wheelers below the engine capacity of 150cc sold in the country after March 31, 2025 and three-wheelers sold after March 31, 2023, should be EVs. The changes and progression in technology in India within a decade will give birth to a completely new era with much more advances and benefits for Indians.

Speaking about economy, India is the world’s fifth largest economy by nominal GDP and the third-largest by purchasing power party (PPP). From 2014 to 2018, India was the world’s fastest growing major economy, surpassing China. The Bombay Stock Exchange and National Stock Exchange are one of the world’s largest stock exchanges by market capitalization. Apart from private consumption, India’s GDP is also fueled by government spending, investment and exports. In 2018, India was the world’s tenth-largest importer and the nineteenth-largest exporter. Within a decade, India will become more economically developed, with the annual GDP growth expected to sink to 5.8 percent in 2035. As per the Centre for Economics and Business Research (CEBR), India will surpass Germany in terms of GDP by 2027 and Japan by 2030.

The literacy rate has grown up to 77.7% in 2020. Growth rate of females (18.3%) is higher than males (17.1%). Death rate has been estimated 7.3% deaths per 1000 people whereas birth rate being 18.2% births per 1000 people. Population of India grew by 17.7% during 2001-11, and is projected to surpass China to become the world’s most populous country by 2024.

There are still a lot of problems and challenges such as corruption, lack of infrastructure, unemployment, poverty in rural areas and poor tax collection rates that needs to be tackled. All of this can be achieved and handled by the healthy co-operation of the government and the citizens to make India a much brighter and better place for the next generation to live in.

Samiah, Class :IX-B, Kuwait Indian School