What Ails India & Indians (By Ajay Bhat Monnet Ispat)

India started liberalizing economy after 1991, in a meaningful way, the results of the reforms were evident by turn of the century when India joined global nations in the economic boom from 2003 onwards. India witnessed a phenomenal growth for the next few years till the globe was hit by unprecedented financial crises but India overcame the impact much faster & started to move on the journey of growth however the growth has been averaging at about 7.5% till 2014 after which it has further moderated to about 6.5%. There are questions around the validity of the GDP no. but let us not go to that debate. India is projected to become a US 5 trillion economy over the next 5-6 years from current size of 2.5 trillion. Current size & the projected size is by no means a small size & India may emerge as the 3rd or 4th largest economy in the world.
But despite the last two decades of growth & expected size: The two critical issues ailing & likely to ail India are
1. The basic quality of life of an “average Indian”
2. Generation of adequate employment opportunities 
Let’s look first, at first issue to analyse the quality of life.
Shockingly the quality of life in the last 20 years hasn’t improved proportionate to the economic growth in the country.  read more

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