Since taking over as Prime Minister last May, Narendra Modi has made several major announcements-smart cities, bullet trains, Digital India, Make in India, Jan Dhan, to name a few. Recently, he talked about taking India from a $2-trillion economy to a $20-trillion one. Of course, one day, some time in the future India will be a $20 trillion economy. But, what is the timeframe we should be looking at-15-20 years, 30 years or 40 years? In a subtle way, can India become a $20 trillion economy within a generation?
Whereas the number of poor can be fixed simply through a sample survey, identifying them would need visiting each and every household. While Planning Commission was the official agency to estimate the percentage of population below poverty line (BPL) once in five years based on the National Sample Survey on Consumption Expenditure, a Census to identify the BPL households has been conducted by the states through the Ministry of Rural Development of the Central Government three times (1992, 1997 and 2002) in the last 25 years.
N C Saxena
The socio-economic development in India has been severely hampered because of the significant divide between the urban and the rural economy and a wide gap between the rich and the poor. While 30 per cent of the urban population has a wide range of remunerative employment opportunities, over 80 per cent of the rural population have to be dependent on a highly uncertain agricultural sector.
Narayan G Hegde
The British colonial administration brought in progressive developmental forces by bringing in education (Kindergarten to University) and railway networks for commercial exploitation of agricultural, forest and mineral resources and various social activists rose to the occasion with giants such as Raja Ram Mohan Roy, Ranade, Gokhale, Phule, Dadabhai Naoroji, Pantulu, Sayyad Ahmed, Narayana Guru, Sane Guruji, Vidyasagar, Swami Vivekananda, etc.
K G Karmakar
Since independence, all governments of India have been committed to gradual rather than revolutionary means for spreading democratic and socialist principles (as attested notably by the Preamble to the Constitution of India). Independent India averted the revolutions (and most debates), which shaped the role of the state in the western world for some 500 years.
The Indian economy is largely dependent on cash. Only 5 per cent of the country's personal consumption expenditure is done electronically. A sharp acceleration of economic growth is not possible with such kind of dependence on cash. Overdependence on cash is a major hurdle and a radical thinking and coordinated efforts are needed to take electronic payments system to the masses.
When Prime Minister Narendra Modi asked, in January this year, the question, "India is a $2 trillion economy today. Can we not dream of an India with a $20 trillion economy?", he was echoing a powerful, nuanced and intensely compelling set of questions. Some among them-ranging from ease-of-doing business, innovation, digital economy, manufacturing, entrepreneurship to skilled workforce-are all too familiar.
Nearly two years ago, INCLUSION ran a special edition featuring 'State of Governance' in which some well-known authors analysed the reasons behind some of the vexed issues confronting India like the dispartiies in development performance among states, shrivelled grassroots governance, barriers to social mobility and the frailties in the justice system. The series of articles underlined a fact that has not diminished in value-the acute need to "develop a credible framework for assessing quality of governance in various states that could possibly provide an agenda for governance reforms," as our Editorial put it.
In 2015-16 Union Budget, the government enhanced credit target for farm sector by Rs 50,000 crore to Rs 8.5 lakh crore. This was in line with a common perception that farm credit translates into the growth of the national economy. Statistically this might be unfounded, however it is undeniable that the farm sector that constitutes the core of the economy needs to be in focus of banks and other financial institutions.
Atul K Thakur
Anupam Verma, who works for a multi-national company in Mumbai, was deeply disturbed after reading a report regarding the presence of poisonous chemicals in conventionally grown fruits and vegetables that he and his family used to eat everyday. The report was indeed scary. It said the consumption of these produce might cause life-threatening diseases like cancer, neurological defects, autism and respiratory and reproductive problems. Verma did not want to take a chance and decided to use only 'organic produce', which are presented in the report as a healthy alternative.
The book, BSE: Journey of an Aspiring Nation, authored by Sameer Kochhar, was released by Maneka Sanjay Gandhi, Union Minister for Women & Child Development in presence of S Ramadorai, an industry veteran and Chairman, BSE Ltd at a glittering ceremony that was attended by more than 500 CEOs and heads of organisations from across banking and financial services.