Last 6 decades India has gone through economic growth and development. GDP has seen continuous growth in last 6 decades. However it was not systematic in nature. There were may components involved in this complex development process.
Want to focus on the political intervention and economic growth related issues :
Today some of these sectors are in declining trends because of political deadlocks on policy formation and governance. On several occasions real time benefit analysis was not in place and even it was in place bold decisions were not taken in right time because of political deadlocks.
Today service sector is growing since PV Narasima Rao took initiative to open up the economy. In this case one should give the credit at the political will demonstrated during the same time. Post that 2G scam in India rattled the telecom sector which would have been biggest contributor to the faster economic growth through better connectivity. By this time digital India would have been emerged already. It is biggest opportunity cost.
Industrial sector is still in bad shape because of political deadlocks and scams and political leaders to take the responsibility. Industrial sector to supposed to support good number of jobs across. Huge opportunity lost .
Political deadlocks were not explained to the Indian public and kept the citizens always away from it.
May be strong media was not in place. Private media was not there and there were no competition to get the truth out.
Going forward Economic development will be in place with following changes:
Thank You.
Want to focus on the political intervention and economic growth related issues :
Few facts to be noticed :
- Only service sector is growing rapidly.
- Agricultural sector is in decline trends comparatively.
- Industrial sector is in decline trends comparatively.
Today some of these sectors are in declining trends because of political deadlocks on policy formation and governance. On several occasions real time benefit analysis was not in place and even it was in place bold decisions were not taken in right time because of political deadlocks.
Today service sector is growing since PV Narasima Rao took initiative to open up the economy. In this case one should give the credit at the political will demonstrated during the same time. Post that 2G scam in India rattled the telecom sector which would have been biggest contributor to the faster economic growth through better connectivity. By this time digital India would have been emerged already. It is biggest opportunity cost.
Industrial sector is still in bad shape because of political deadlocks and scams and political leaders to take the responsibility. Industrial sector to supposed to support good number of jobs across. Huge opportunity lost .
Political deadlocks were not explained to the Indian public and kept the citizens always away from it.
May be strong media was not in place. Private media was not there and there were no competition to get the truth out.
Going forward Economic development will be in place with following changes:
- Citizens of new India now started asking questions .
- New set of leaders are now answerable when it comes to their performance.
- Digital penetration may bring good governance through new technologies.
- Religion politics will take back seat compared to development mantra.
- Good leadership style and efforts.
Thank You.
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