The key question: what defines a developed nation? Take quantitative criteria first. A developed country should have a per capita income of at least $12,500 at market exchange rates. India’s current per capita income is just above $2,500. To raise that five times between 2023 and 2047 will need an average annual GDP growth rate of seven per cent. This is hard but doable.
Simultaneously, there must be an improvement across qualitative health parameters. Nutrition levels must go up, hunger levels must go down. Inequalities in incomes must reduce. Average life expectancy should rise from the current 70 years to 80 years, the gold standard in developed nations today.
Education comes next. India’s large demographic base of young people needs to get better primary and secondary education and develop vocational skills. India’s higher education, however, has improved significantly. The new education policy (NEP) allows students to mix subjects between science and humanities. This will produce more rounded adults with better job prospects.
A key qualitative measure to make India a developed nation is social cohesion. Caste and religion should be made irrelevant in public life and discourse. The criminal justice system requires an overhaul to enable it to deliver fairer and faster justice.
If these quantitative and qualitative criteria are met, India can conceivably emerge as a fully developed nation by 2047. If it does, it will be a unique achievement for two reasons.
この記事は BW Businessworld の October 07, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は BW Businessworld の October 07, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
