Opportunity India - $ 10-$12 Trillion ? Narendra Modi made it possible ?
Sudhir Kumar
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
Dear Friends, It is a great pleasure writing this article as in the last week of the glorious year 2024 and welcoming A Great New Year 2025 ahead that India provides an huge opportunity for the Global People, their prosperity with peace along with fighting Cyber & Terrorism Threat and Climate Change together.
1.Think India-I am putting it across to the global investors as well as to the wealth creators of Bharat including Start Ups that India provides an opportunity to absorb nearly $ 10-12 trillion of investments in India Opportunity in various areas / sectors till 2047 as it is bound to become the 3rd largest economy in FY 2027-28, a $10 trillion economy by FY 2033-24 and $20 Trillion economy by FY 2039-40 and finally a $38-$40 Trillion by FY 2047-48.
2.Priority Sectors- Defense & over all Manufacturing and Building Defense Capabilities & Defense Exports, Green Energy Transition(Ethanol Blending, Green H2 production, Bio-Fuels, CNG, PNG, Bio-CNG etc.), Renewable Energy & Sustainability, AI & QAI, GCCs & Data Analysis & Management, Drones / UAVs including Autonomous Under Water Vehicles (AUVs), Robotics, Nano-Technology including Nana-Electronics, Nuclear including FBTRs & SMRs, and Thorium based reactors Automobile, & EV adoption Aviation, Tourism, Smart Villages Initiative, Smart Cities, Merchant Ships Manufacturing & Maritime Trade including Ports Development, Modern Railway Infrastructure including Metro Networks & Regional Transit Networks and Bullet Trains & Hanging Electric Vehicles & Electric Buses, Highways and Rural Road Networks, Rural Development and Leveraging Agriculture, Empowering Small & Marginal Farmers that constitute about 87% of total farmers strength, Pharma & Vaccine and Medicines Production, Arbitration & Disputes Addressal, Consulting, Digital Transformation, Fintech, Digital Payments, 6G Technology, Space, Ocean Exploration, Providing skilled manpower to the entire world nearly 40 %-50% by 2050, achieving #NetZero by 2055-60, Agriculture & Food Products Exports, Emerging Technologies and Knowledge Transformation, Tourism including spiritual & medical, Yoga-Life-Style & Well being, Science & Technology, Research & Innovation, Resilient & Sustainable Real Estate, Semiconductor Manufacturing & creating entire eco-system, bio-technology, restoration of civilizational asset value system, rich culture, traditions & way of life, global services, and global peace initiatives and fight against Climate Change collectively under Global Collective Efforts,
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So, it is a unique opportunity for the entire world and peace loving countries to be the part of this sharing as Hon'ble Prime Minister of India Shri Narendra Modi envisioned the India Strategy during G20 presidency :
One Earth-One Family-One Future
So, it India opportunity in sharing its opportunity towards global people, prosperity and peace. India has a stable government as electing Narendra Modi the Prime Minister, 3rd time in a row and I am sure he shall be leading till 2034 for sure and it shall make a great difference in this vision as I stated in this post. He has an outstanding team as his council of ministers that also shall be serving along the way and also bringing the young talents as new chief minister are brought up and also in the council of ministers. The women is going to play a pivotal role in this transition of Bharat contributing more than 50% efforts towards India GDP.
It is to be noted that Bharat has a Rural Bharat that constitute nearly 60 % -65% of its economy that needs a turn around that shall be responsible to graduate left over 120 million poor are joining Neo-middle Class and nearly 280 million that have already shifted to Neo-Middle Class shall shift over to Lower Middle Class and about 400 million lower middle class shall shift to Upper Middle Class and 400 Upper Middle Class shall shift to a Lower Bracket of rich class, 100 million Lower Bracket of Riches to Upper Bracket of Riches and remaining joins a elite Super Rich Class. So, key to this success is Inclusive Development, skilling & reskilling and new skilling, start-ups, so that Bharat become capable to provide the skilled manpower, nearly 45 % to the entire world by 2050 due to its demographic dividend in its favor for the next 03-04 decades. This graduation in per capita GDP shall push Bharat to a position of becoming a Viksit Bharat by 2047 with an Economy of $38-$40 GDP.
It is indeed India Decade, India Century & An Opportunity of Millennium and it shall have a lasting effect for next 2-5 millennium. It may be compared when Bharat had nearly 46% to 66% share in Global GDP some 1500 years before as Bharat was knows as manufacturer of best quality products and finest quality of textiles besides spices, pickles and other process food products. India took nearly 75 years to come to a stage where it can again take of and credit to this awakens goes to the inspiring & committed leadership of Narendra Modi in last 10 years. The worst period of India had been between 2004 & 2014 where maximum corruption took place and inflation remained in to double digit so it affected Indian economy at least by $1 to $1.5 trillion due to the same. So, if corruption was not there then huge NPAs could have not taken place and India GDP by 2014 could have been $3-$3.5 trillion but it touched only $2.0 trillion, so, I call this decade as Lost Decade on Opportunity(LDOO). Any way now it has been brought to a stage in last 10 years where all the growth engines Bharat Economy are firing full throttle. A lot has to be done by the talented Youth pool of Bharat in next 03-04 decades to make Bharat #1Economy by 2075.
Judicial Reforms to bring the pending cases to Zero by 2030 shall be the biggest reform that is needed at the earliest and what ever needs to be done in that direction it must be done.2ndly Small & Marginal Farmers needs an intervention so that labor force involved in farming comes out of it and only 1.5 to 2.0 million people remain involved in farming by 2035 is the 2nd biggest reform that is instantly needed. Manufacturing and with a focus on defense manufacturing as to achieve 90% indigenous component / share in all the weapon platforms is also to be achieved by 2035 in order to multiply Indian Defense Forces capabilities to be doubled by that time as far as weapons platforms and technology intervention.. UCC needs to be implemented by Jun 2025 and so is One Nation One Election by the same time and also One Nation One Syllabus. Strict Laws and implementation through Fast Track Courts is needed at the earliest. Government expenditure needs to be controlled especially on VIP security and expenditure on consultancy to Big 4 needs to be curtailed as time of optics is gone but real time data analysis could be done by AI Analytics that too Indian Designed & Developed. Skilling is a top most priority as Research & Innovation along with technology intervention in all the sectors to be the globally competitive in exports.
The biggest investments shall be coming in Rural Development and Supply Chain Reforms in Agriculture, review of tax system, bringing judicial reforms with strict but simple laws with a provision within a year, skilled human resource so bringing demographic dividend to deliver most efficiently, and further improving position on GII ( Global Innovation Index) from 39 out of 133 growing economies to be among first 03 by 2047, though we have done extremely well on this front in last 05 years. Bharat has to bring further reforms to improve upon EODB as making States & UTs having a competition in it and induce next level of financial reform to further improve upon a robust financial system. India's national score on the SDG India Index for 2023-24 is 71, which is an improvement from 66 in 2020-21 and 60 in 2019-20. India's score in 2018 was 58, which is the baseline for the index. Bharat needs to do heavy investments in merchant ships manufacturing such as VLCCs & other types of big ships, ports to stand among first 05 by 2030, defense exports touching 75,000 crores by 2030 and by that time becoming self-reliant in defense manufacturing with all kind of weapon platforms, ships & submarines, tanks, artillery & missiles, special attention to mines management, turning all loss making PSUs to be the profit making, cutting down GoI expenditure on VIP Security by reduction of manpower involved and on consultancy to big 04, no income tax waiver on agriculture income those are having more than 100 acres of land, connecting Aadhar to the existing properties & in buying of properties and assets, no cash transaction more than 5000, review debt on states and balance sheet of States & UTs towards an efficient financial management, reduction in government expenditure in each ministry & department, improving the productivity in yield of agriculture, agriculture land must not be taken further for real state & factories so location of such projects only in land already acquired including use of SEZs, strictly bringing the people under Income Tax such as lawyers, doctors, CAs, Hospitals, Retail outlets, Gutka selling, and any other professional those are out of the ambit of IT but they have substantial income. These are some some steps Bharat has to take to attract this kind of investments and share market capitalization. Though, most important is that to implement NRC nation vide and also UCC & Population Control Bill and all kind of corruption cases, bank frauds , economic frauds, heinous crimes and anti-national crimes must be tried by Fast Track Courts so that justice is delivered with in a year at each court.
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
1 个月More comments pls.
Defense Veteran | Manufacturing Industries - Former GM HR, IR & Admin | Plant Operational Head | Passionate about Rural Development & Sprituality
1 个月Great insights. Could you provide a more detailed analysis comparing 5-year trends, incorporating key national and international indicators such as the Global Innovation Index (GII), Sustainable Development Goals (SDG) and Environmental, Social and Governance (ESG) criteria and lot more. Additionally, what technologies and strategies will be necessary to achieve these goals by 2047? I've attempted a preliminary outline below, which requires refinement in all aspects, including figures. Please review and expand on it. Best Regards
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
1 个月The Chairman of SBI Mr.CS Setty has eloborated yesterday in a lecture the same what I wrote in this article of mine on 27 Dec 24.
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
2 个月I need you inputs so that maximum people do get involved in this journey of Bharat towards A Viksit Bharat.
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
2 个月It is an opportunity of millennium.