India is on the verge of becoming a developed economy and is holding a commendable position of being the sixth largest economy of the world. We are aspiring to become a US$ 5 trillion economy by end of 2020. It is essential for all of us to foresee and dream of India as the largest economy of the world by 2025, on all counts including G.D.P., Growth Rate, Large Export Market, Highest Employment Level, Foreign Exchange Reserve and all other economic and political indicators.

Late President Dr. A.P.J. Abdul Kalam had sown the seed of aspiration and target for a developed India by 2020. By and large, India has fulfilled his dream. But it is not sufficient to be self-complaisant about it. It is high time our politicians, policymakers, administrators, leaders in trade, commerce & industry should give a serious thought about the target of 2025, to make India the largest and strongest economy of the world. 

Dreaming is not just going to be sufficient but taking all the necessary and timely steps towards a positive leap is required as well.

It is most desirable for us to think and act on all fronts to make this a reality. It is not easy and is very likely that many impediments like global slowdown, strained relations with neighbouring countries, drought caused due to uncertain monsoon conditions, rapid change in technology, approach & look out of international organisations will hamper India’s development.

To overcome all these, few immediate and time bound actions which are foreseen could be enumerated in two major categories as External & Internal.

External Achievements & Targets:

  1. Try to get the seat in United Nations Security Council with veto privilege.
  2. Aspire for an Indian to be the Chief of World Bank and/or I.M.F.
  3. Aim for an Indian to secure the post of Head of Asian Development Bank.
  4. Lobbing for creating a headquarter in India for ASIAN & BRICKS.
  5. Secure a dominating position in W.T.O. & International Court of Justice.
  6. Acquire a position of Big Brother in Asia and all neighbouring countries by way of financial, military, technological strengths and financial/assistance programmes for needy nations.

Internal Achievements & Targets:

  1. Increase and maintain a growth rate of about minimum 8 to 10% per year, by keeping control over inflation.
  2. To concentrate on alternate business activities like service sector, tourism etc.
  3. Increase the industrial production with increase in exports and reduction in imports.
  4. Develop model for transfer of indigenous technology by promoting technical & financial collaborations with suitable counterparts in developing countries.
  5. To sort out all the border issues with neighbouring countries and make the boundaries of India safe by having competent & deterrent army, navy and air force.
  6. To create state of the art world class infrastructure in the areas of transport, communication, electricity, water supply, civic amenities etc. and strengthening the finance, insurance and banking sector.
  7. To make available excellent and affordable education and medical facilities to the citizens.
  8. To make India self-reliant in agriculture sector by producing adequate food and grains by providing perennial water supply and new seeds, fertilisers, pesticides at affordable cost, water conservation and bring maximum barren land under cultivation.
  9. To create cohesiveness and achieve integration with under privileged and less connected states like Kashmir, Ladakh, Andaman & Nikobar, Lakshadweep, and Seven states in North-East.
  10. To expand with accuracy, programs and exploration expeditions in Space Research, North & South Pole, Oceanic and marine surveys, petroleum resources, rare minerals etc.
  11. Conversion of arid land for afforestation & agriculture suitable to the local climatic conditions.
  12. To encourage conservation of environment & pollution control. Simultaneously promote conservation of existing energy and fuel resources, development of non-conventional, alternate, cheap and renewable energy sources like solar & wind power, energy conservation, atomic power plants, development of electric and hybrid vehicles etc.

The above expectations though high & difficult to achieve, are not impossible for a diverse country like India. India is strategically located with a vast coastline and varied climatic conditions. It is up to sane citizens to imbibe discipline and make focused efforts to achieve these objectives.

India has abundant talent, but it lacks in terms of innovation, provision of funding for research, recognition of research and mental block for adopting any new change. The other constraints include cast, religion, language barriers, opportunist politics etc.

Earlier in India we had a system of 5-year developmental plans to achieve the time bound development in various sectors with positive results. Similarly, it is suggested that, beyond political and ideological differences, a high-level Central Government core committee along with active members from the experts in each field, be formed with clear cut objectives for all round development in next 5 years. 

Presently there is an apex body already in existence in the form of Niti Aayog with similar framework and objectives. The committee so constituted should formulate a concrete 5 year all round development plan and be empowered to take fast track most appropriate technical, administrative and financial decisions and implement them through the administration both at Central & State Governments. 

There should be an in- built mechanism of yearly review and timely corrective actions. 

The present education level spread of social awareness and political stability in India is a plus factor. There is a substantial number of Indians and persons of Indian origin, who are working and settling abroad, are the best ambassadors of India to help India to achieve the dream target of global destination.

All the responsibility is not only of the Government. During the process Government may have to take some bold decisions to implement the policy to achieve the time bound target by 2025. The citizens should also take the initiative and be proactive and support our Government’s decisions to take our nation to the top by 2025. 

All citizens, including people in government & private jobs, businessmen & industrialists, agriculturists, defence personnel, persons involved in service industry, doctors, engineers, scientists, teachers, farmers, students, NGOs involved in overall upliftment of society, need to pledge themselves to make it possible to make India a global super power in every field by 2025. 

Ajit Phadke

Ajit Phadke, B.Com.(Hons), M.B.A., LL.B, has been operating as a freelance industrial consultant for 35 years and specialises in 100% EOU / Export / Import, Foreign Exchange Rules and Industrial Regulations.

The views and opinions expressed in the article are those of the authors and do not necessarily reflect the official policy or position of The Tilak Chronicle and TTC Media Pvt Ltd.

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