INDIA 2020 - Economic Aspects : INDIA 2020 - Economic Aspects Prepared By
Mishul Das AGENDA : AGENDA India 2020 - Vision
Strategies towards India 2020
Power and energy
IT and communication
References Dr. Abdul Kalam vision India-2020 : Dr. Abdul Kalam vision India-2020 Agriculture and food processing -- target of doubling the present production of food and agricultural products by 2020.
Infrastructure with reliable and quality electric power.
Education and Healthcare: To provide social security and eradication of illiteracy and health for all.
Information and Communication Technology: This is one of our core competencies and wealth generator.
Critical technologies and strategic industries witnessed the growth in nuclear technology, space technology and defence technology”. What should India do? : What should India do? Work out a feasible strategy for a high rate of growth.
Harness global opportunities in important economic sectors.
Manage key economic resources efficiently.
Invest in important enablers of economic performance.
Recognize the global saving pool. Economy of India : Economy of India GDP $1.209 trillion & GDP per capita $1016.
GDP by sector agriculture: 17.2%, industry: 29.1%, services: 53.7% .
The 12th largest economy in the world by market exchange rates and the 4th largest on PPP basis.
Accounts for 1.5% of World trade . Education : Education Knowledge is the single most important economic resource today.
India spends 3.2% of its GDP on education.
Reverse brain drain.
Emerging Educational hub. AGRICULTURE : AGRICULTURE Contributing 25% to the National GDP at present.
India has 400 million acres of irrigated land and 75 million acres of wasteland at its disposal.
If Middle East is the energy base of the world, why can’t India be the food base for the world?
Enhance yield of major commodities
Integrated nutrient management
Accent on diversification of agriculture
Water management POWER AND ENERGY : POWER AND ENERGY Electricity, gas & water supply performed well and recorded an impressive growth rate of 8.3% .
Augment hydro generation
Nuclear power with fast breeder plant
Emphasis on clean and renewable energy INFRASTRUCTURE : INFRASTRUCTURE There is a direct connection between infrastructure and growth drivers.
Some commendable initiatives have already been taken in the road sector (Like Golden Quadrangle).
Investments requires in rural roads, ports, harbors and airports. MANUFACTURING INDUSTRIES : MANUFACTURING INDUSTRIES Contributing 25% to the National GDP at present.
Manufacturing industry to record growth rate of 12% and above
How manufacturers do business in 2020
Changing nature of supply chain
Key regional difference Healthcare : Healthcare Introduction of Telemedicine.
Conducting research and clinical trial.
Resurge in pharmaceutical industry.
Medical Tourism. COMMUNICATION AND IT : Animation and Gaming.
Exploring new markets.
Software development. COMMUNICATION AND IT CONCLUSION : CONCLUSION In conclusion , we believe that the missions when integrated and implemented with a national focus , will result actions which will shape the second vision of the nation.
We therefore have a dream. Our dream is that both our houses of parliament would adopt a resolution for the second vision of a great nation : ‘India will transform into a Developed nation before the year 2020. REFERENCES : REFERENCES www.google.com