Indian Economy true Assessment and Wayforward:

Indian Economy true Assessment and Wayforward:

I am post graduate in Agriculture Engineering? and MBA in Finance. Directly work in Middle east, Africa and India in Agric and food processing sector in many reputed organizations.

Our economy is 5 th largest in world with $3.942 trillion GDP. Really, we need to do honest assessment. Most of people think that this happened from 2014 to 2024. The economic reforms of 1991 led to?widespread economic development in the country. Many sectors such as civil aviation and telecom saw great leaps from deregulation and surged ahead.

All of us we should aware that? GDP should not be criteria to measure the economy of the country it should be per capita income as it is? more accurate measure of a nation economic progress. . Even if a nation or state? may have a high GDP and a large population, its residents may not necessarily have high standards of living.

Our per capita income is $2100 and we stand 136 in the rank.

Government declared they distribute free rations to 81.2 cr people under PM Garib Kalyan Anna Yojana for another five years from January 1, 2024.

Government has gone for huge increase in public borrowing to increase its budget expenditure.This shows increase in GDP and reduce in Fiscal deficit.

The public debt of India has doubled during first 6 years from 50 lakhs crores to 98 lakhs crores. The government has budgeted over 8 lakh crores just for interest payment

As per the report government changed the GDP calculation process to income?-expenditure method and some expenditure not traced out .

As per report India’s debt to GDP ratio has increased to 90%. This makes India the most indebted major economy after Brazil and Argentina among the emerging markets. In South Asia, India now becomes the most indebted country after Bhutan and Sri Lanka and?worse off than Bangladesh, Pakistan, and Nepal.

India’s ranking in Global Hunger Index has further deteriorated. Countries such as Sri Lanka, Nepal, Bangladesh, Myanmar and Pakistan have been ranked higher than India on the Global Hunger Index at 64th, 73th, 75th, 78th and 88th spots respectively.

As per report We are having NPA over 9 lakhs crore even after writing off more that 7 lakhs crores.

Failure to uphold democratic values, example pulling down elected government. Judiciary has lost it’s shine. RTI diluted. RBI’s autonomy robbed off. Pulling down elected government and taking power through back door, forming minority governments etc.are the major issues Indian Economy faces.

Unemployment rate touches to the peak .

Average 30 Farmer Suicides Per Day . Over 112,000 Suicides in India's Farming Industry in 10 Years. Really this is shameful and no political party bothers about it. What is use of inflated 5 th economy?

I work in many African countries for long but never heard any farmers commits suicide

We should not believe on rating agencies as they have own interest . Instead of blowing own drums Government should take immediate measures to improve agriculture, value addition, export of the products and see how farmers income can be doubled. GST on farm inputs are very high which makes difficult to increase income of the farmers .consistency in policy is needed. Area under irrigation need to be increased. Cluster wise value chains which are to be focused on exports .

Otherwise we will be in Air and ground reality will be different

?

Thanks

?