QUANTUM LEAP 0F INDIAN ECONOMY


(Chart showing GDP growth of India. Image courtesy - Trading Economics)

A three way approach by the government can make a considerable boost in the Indian economy. This should be initially targetted to bring down the unemployment to a zero level. At first the total number of willing persons may be gathered who are intereseted to take up productive or service industry. The total cost of the project should not exceed rupees five crores. Those who can offer collateral security can raise the project cost appropriately. Those who do not have collateral security should limit the cost within five crores. The security for the bank loan have already been explained earlier.

The government may systematically plan the products and services expected from the new ventures. As far as possible export oriented industries should be preferred. People may be planted across the world through Indian Embassies to secure orderes for products and services and for displaying products samples.

The same teams can be used for tourism promotion too by conducting and taking part in tourism related exhibitions, seminars etc. Centralised TV propoganda can also be managed for industrial products and services as well as tourism promotion.

Once we could use the entire unutilised manpower for the above purposes the country's GDP will have a considerable growth and thereby the pci of the people will also grow up considerably. At this stage we can ensure zero percentage of population below poverty line. Growth of GDP of the country without an equal growth of the PCI of the people cannot termed as an economic growth of a country. Let us, therefore, concentrate on PCI of the people too to substantiate the economic stability.

Unemployment  in India as per CMIE is 8.3%

Come up youth! Let us grow!

K V George 

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