CAN INDIA MAKE A QUANTUM LEAP IN ECONOMIC FRONT?

If a poor to become rich, plenty of hard work, adequate knowledge and excellent tactics are required. Whereas a rich to become richer nothing but timely decision only needed. India is a rich country. In order to make us richer, what we need are timely decisions and quick follow ups. I wish to submit a three point formula for us to make a quantum leap in the economic front. While two of these will give instant returns, the third one will strengthen the base.

The first of the three is, eliminate corruption completely from this country. This will be a stern measure towards the growth of the economy. It will ensure that every investment shall reach at the right end and every disbursement shall reach the appropriate hands. Huge, rather unmeasurable sum of money is pumped out of our country every year. May be a larger sum might be hidden within our country with no reproductive scope. If these dead money is brought into legitimate circulation every Indian and the country as a whole shall be benefited of this. This will significantly contribute for the economic development of our country. Alongwith that it will considerably bring down the crime rate of the country.

Now, it is about the second step. Government may immediately locate all unexploited and under exploited natural resources of the country. Parallelly identify and develop all service sectors related to the above. Deploy all unemployed people in these. Government need not bring in any money for their expenses. If organised properly they will generate the money from there within an optimum period. There may be items that can fetch a few trillions to the country in the very first year itself.

With the above two, the GDP of the country will shoot up and thereby the per capita income will also go up considerably. There will also be a multiple increase in trade balance. Above all within a short period of time, India may be counted among the rich countries of the world.

Further to these two there should be a long term planning too may be required to make the above two a long term uninterrupted process. It is nothing but education to all. The minimum educational standard of India should be set as graduation. Let it take its own time. And that should be the new brand name of India.

These three arrangements are not within the reach of the people. This should fully organised by the government. The Prime Minister who takes the lead of doing these three arrangements simultaneously shall be ever remembered by the country. And tomorrow amongst the rich countries of the world, India will stand with a Crown!

K V George