pls someone suggest thoughts on india in 2050
i will mark it as the brainliest (afcourse the eligible ones)
Answers
Answer:
In 35 years you and I will, going by the average age of newspaper readers and life expectancy in India, be dead. Let’s have a look at the country we are likely to leave behind in 2049. First, let’s deflate the optimists. In a 2011 report, Citigroup predicted India would be the world’s biggest economy before 2050. “We expect India’s real per capita GDP to grow at 6.4% pa over the 40-year period between 2010 and 2050 (7.2% pa over the next 10 years and at rates of 7.7% pa between 2020 and 2030 and 5.2% pa between 2030 and 2050). As a result, we expect India to become the largest economy in the world by 2050, overtaking China and the US in the process."
This leap would produce an Indian economy of $85 trillion (around ₹ 5,250 trillion) in purchasing power parity (PPP) terms (up from just under $4 trillion in 2010). Unfortunately, the study’s immediate prediction of Indian growth at 7.2% between 2010 and 2015 turned out to be wrong. And there’s no guarantee that its mapping further on is going to be any more accurate.
Four years ago, when we were growing at 9%, I wrote in Mint Lounge that India’s high growth could not be sustained. I don’t think this will change, irrespective of policy tweaking by Central governments.
The other thing is what the economy means to the average Indian. Net national income is today about ₹ 70,000 per person per year according to the Central Statistics Office.
India’s incomes are the lowest among Brics nations—Brazil, Russia, India, China and South Africa. Median per capita income (meaning more than half the population) is only a little over ₹ 35,000.
This group will be only slightly better off in the next generation.
the Baniya dominance of industry will end. Only some of the inheritors of today’s industrialists will continue to be on the list of India’s top billionaires. Many peripheral communities will break through. Business schools will produce more people with the ability to raise and manage capital than a handful of mercantile castes.
Sixth, we will see a shift in our identity. M.N. Srinivas wrote in his last essay for the Economic And Political Weekly that it was the introduction of currency that began to kill off caste. Barter is what kept it alive for centuries, locking the artisan into his trade. B.R. Ambedkar felt the city was the place that accelerated this process of losing caste. It is obvious that the Indian city dilutes tribal identities and caste will neither be understood nor felt by many and perhaps most of us by then.