Many doubted whether our country would even survive a decade when we gained independence. At various points in our journey since, we came close to the brink—both economically and geopolitically. Today, India@75 is a nation that stands tall, is a voice that is heard and counted on the global political stage, and importantly, is one amongst a handful that has a positive trajectory on most counts. Therefore, as I think of my vision for India@100, as a follower of Guru Nanak, I invoke the prayer: Nanak naam chardi kala, tere bhane sarbat da bhalla. What does this mean and what does it have to do with my dream for India@100?
I have little doubt that our country will continue to grow over the coming 25 years. The debate needs to be centred on how robustly and what can be done to accelerate the growth? If we grow at around 6 per cent, impressive in the long term on a larger base, we will be a $25-trillion-plus economy (in market exchange rate terms) by 2047. This is where we need Chardi Kala—boosting GDP growth by 0.5 per cent will mean adding a number equivalent to the current GDP per capita by 2047! There is simply no more powerful way for us to fight and eliminate the scourge of poverty, and bring prosperity to our middle class than by boosting growth, especially doing so equitably.
Esta historia es de la edición February 19, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 19, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS