DO INDIA NEED A CHANGE IN THE FORM OF GOVERNMENT?



    The Parliament of India.   Image courtesy, India Today
 
Despite having the required means in the form of natural resources and with a large strength of young manpower we are not able to reach the top layer of wealthy nations. According to Forbes India report dated 7.2.2024 of the top 10 largest economies in the world for 2024, India stands at number five while USA, China, Germany, Japan are ahead of us. When it is  brought into per capita income (ppp) of 2022, it is totally shaken. In a list of 179 countries India's ranking is 120. Our PCI is $ 8,379. Luxembourg ($ 1,42,214),
Singapore ($ 1,27,565),
Ireland ($ 1,26,905)
Norway ($ 1,14,899)
Qatar ($ 1,14,648) etc are on top of the list. In women's safety index of 146 countries of 2023 India stands at 127.  All these are the after effect of corruption in our country. Various estimates put the amount of black money from India anywhere between $ 181 billion and $ 1.8 trillion. If this money could be well used we can have a large number of manufacturing industries as well as a huge number of units in the service sector. In such a situation the unemployment in our country will come down to zero. Our per capita income will have a multiple leap. India will be counted among the rich countries of the world. Under the existing experienced political situation this will remain as day dream only.

When we say we are on the top layer of the world in GDP,  the people are still in the lower level in per capita income. If we take out the GDP of the thousand numbers top rich of the country the wealth level of India may be changed considerably and the GDP may fall steeply. What could  be gathered from this is that what we are doing for the country are not reaching the people in any uniformity. What is that prevent the distribution of wealth from reaching the people is the range of corruption prevailing in our country. It is our political system that prompts corruption. As per the latest publication dated April 2023 from Election Commission of India and subsequent notifications, there are 8 national parties, 55 state parties and 2597 unrecognised parties are there in India. Asper the corruption perception index of 2023 India ranks 93 among 180 countries.
(To be continued)

K V George 




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