Latest news with #ViksitRajyaforViksitBharat2047
Hans India
15-06-2025
- Business
- Hans India
Corruption remains pervasive across sectors, levels of government in India
The World Economic Outlook Report released by the International Monetary Fund (IMF) in April 2025 pegged India's gross domestic product (GDP) at $ 4,187.017 billion or $4 trillion, surpassing Japan's $ 4,186.431 billion. By 2028, India is expected to push its GDP to $5,584.476 billion to overtake Germany. China is the second-largest economy at $19,231.705 billion, while the US tops the list with a GDP of $30,507.217 billion. 'India has overtaken Japan to become the world's fourth-largest economy,' said NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam, citing the IMF data at a press conference on May 26, 2025 of the 10th NITI Aayog Governing Council meeting on 'Viksit Rajya for Viksit Bharat 2047' in New Delhi. 'We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan,' said Subrahmanyam. It is the wish and prayer of 140 crore citizens of India, that is Bharat, that their beloved country becomes the largest economy of the world much before we celebrate the centenary of our independence in 2047. It is also their dream to see the annihilation of monstrous income and wealth inequalities among them as soon as possible so that they are not deprived of their right to life with dignity, equality, justice, fraternity and liberty. This will be possible only when India has unwavering commitment and will power to implement affirmative measures and welfare policies in toto. If the economy grows in terms of size, one expects that even the people's ease of living should increase in an ambiance of peace and brotherhood. Today's India is grappling with poverty, mass discrimination, sluggish justice system, poor policing, rampant corruption, and continued monopolization of national resources, opportunities, facilities and privileges by a miniscule percentage of people. Let us look at some areas of concern where the ground realities speak louder than empirical data. India faces a multitude of health challenges including a high burden of both communicable and non-communicable diseases, inadequate healthcare infrastructure, particularly in rural areas, and significant health inequities. These challenges are further compounded by factors like poverty, lack of awareness, and lifestyle-related issues. Our country continues to grapple with high rates of infectious diseases like tuberculosis, malaria, and HIV/AIDS. Non-Communicable Diseases (NCDs) such as cardiovascular diseases, diabetes, and cancer are on the rise, becoming a leading cause of death and disability. India also faces challenges in maternal and child health, including high rates of malnutrition and mortality. Many regions, particularly rural areas, lack sufficient healthcare facilities, including hospitals, clinics, and diagnostic centres. There is a shortage of doctors, nurses, and other healthcare professionals, especially in rural and remote areas. Significant disparities exist in access to healthcare services between urban and rural areas. Poverty, lack of education, and other socioeconomic factors contribute to health inequities. Women and marginalized communities often face additional barriers to accessing healthcare. So, we need to invest massively in the public sector healthcare Similarly, India faces significant educational challenges, particularly for marginalized communities like Scheduled Castes (SCs), Scheduled Tribes (STs), and Other Backward Classes (OBCs), in achieving higher Gross Enrollment Ratio (GER) in higher education. Key issues include persistent inequalities, inadequate infrastructure, financial constraints, and quality concerns. Poverty, lack of access to quality schooling, and social discrimination continue to hinder educational attainment for SCs, STs, and OBCs. Rural areas and certain states or regions often lag behind in terms of educational infrastructure and opportunities, further exacerbating inequalities. There are other challenges as well. For example, girls, particularly in rural areas, face additional challenges like early marriage and household responsibilities, leading to lower enrollment and higher dropout rates. Soaring tuition fees in higher education institutions make it difficult for students from marginalized backgrounds to afford higher education. While scholarships are available, they often don't cover the full cost of education, leaving many students struggling financially. Students may resort to loans to finance their education, which can lead to significant debt burdens. Inadequate number of higher education institutions, particularly in rural and remote areas, restricts access for many students. Many institutions lack basic infrastructure like classrooms, sanitation, and access to clean drinking water, impacting the learning environment. Limited access to the internet and digital resources hinders access to information and learning opportunities. An outdated curriculum and lack of emphasis on critical thinking skills hinders students' development. A shortage of qualified and trained teachers, particularly in specialized fields, can impact the quality of education. Inadequate research facilities and support remain a major stumbling block in the advancement of knowledge and innovation. Moreover, high drop-out rates, particularly during transitions between different levels of education, indicate systemic weaknesses. Insufficient support systems for students from marginalized communities, including counseling and mentorship, can lead to attrition. Globalization has led to increased competition among Indian institutions, highlighting disparities in quality and standards. Hence, the increased competition poses challenges for weaker institutions to survive and thrive. So, we need a multi-pronged approach, including targeted interventions to improve access, affordability, and quality of education for all, with a special focus on marginalized communities. As a nation, we continue to grapple with several other systemic challenges that obstacle equitable progress. Justice remains elusive for many due to an overburdened judiciary, delayed trials, and limited access for the poor and marginalized. Legal remedies often remain out of reach for those in rural and semi-urban regions, amplifying social inequities. Income inequality is another deep-rooted concern. A small percentage of the population controls a significant portion of wealth, while a large segment struggles with subsistence. This disparity affects access to basic services, quality education, and healthcare, perpetuating poverty across generations. Opportunities – whether in education, employment, or entrepreneurship – are unevenly distributed. Urban-centric development has left rural and semi-urban areas with limited pathways to prosperity. Moreover, land holdings are highly fragmented and often disputed, especially among small and marginal farmers. Land reforms have been inconsistent, further constraining agricultural productivity and rural livelihoods. Affirmative action policies, such as reservations and targeted welfare schemes, suffer from half-hearted implementation. Bureaucratic inertia, political interference, and lack of proper targeting dilute their intended impact. Corruption remains a pervasive issue, cutting across sectors and levels of government. It erodes public trust and diverts resources meant for the poor. Compounding the issue is the poor auditing and evaluation of development and welfare schemes. Many programmes in rural and semi-urban areas lack transparency, measurable outcomes, or community feedback mechanisms, leading to leakages and inefficiencies. To move forward, we must strengthen institutions, ensure policy continuity, adopt evidence-based programme evaluations, and build a more accountable governance framework. Equitable justice, fair access to income and opportunities, and genuine implementation of reforms are critical to realizing the nation's full potential.
India Gazette
09-06-2025
- Business
- India Gazette
India, fastest-growing major economy, a key global voice on climate, digital innovation: PM Modi
New Delhi [India], June 9 (ANI): Prime Minister Narendra Modi on Monday highlighted India's rapid transformation across sectors, driven by the NDA Government's focus on good governance and inclusive growth. PM Modi credited the progress to the collective participation of 140 crore Indians and emphasised India's rise as the fastest-growing major economy and a global leader in climate action and digital innovation. In a post on X, PM Modi emphasised the NDA Government's clear focus on good governance and transformation. 'A clear focus on good governance and transformation! Powered by the blessings and collective participation of 140 crore Indians, India has witnessed rapid transformations across diverse sectors. Guided by the principle of 'Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas', the NDA Government has delivered speed, scale and sensitivity pathbreaking changes. From economic growth to social upliftment, the focus has been on people-centric, inclusive and all-around progress,' PM said on X. PM Modi said India is the fastest-growing major economy and a key player in global climate action and digital innovation. The post added, 'India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation. We are proud of our collective success but at the same time, we look ahead with hope, confidence and a renewed resolve to build a Viksit Bharat!.' Recently, the Union government released an e-book highlighting its achievements across various sectors over the last 11 years. The year 2025 marks 11 years of Prime Minister Narendra Modi's government. The book said that these 11 years have been dedicated to bringing about development that is inclusive, progressive, and sustainable. 'The government under Prime Minister Modi has been steadfast in its commitment to creating equity and opportunity for all citizens,' it added.'PM Modi has brought the politics of development - Vikasvaad - into the mainstream, making it the focal point around which political discourse and policy action now revolve,' it reads. The book said that since assuming office in 2014, PM Modi has remained firm in his resolve to keep 'India First' in every policy formulation and action. It added that the resolve is evident in the government's handling of both external and internal security, economic management, empowerment schemes for marginalised groups, efforts at cultural conservation and so on. Earlier, it was reported that in a matter of just less than three years, India has taken another stride, pipping Japan to become the fourth-largest economic powerhouse. In September 2022, India had surpassed the UK to become the fifth-largest economy. Addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy. This is a proud moment for the country and India's position would strengthen further in the coming years, on the back of prospects of higher economic growth. Citing data from the International Monetary Fund, the CEO of India's apex think tank stated that India's economy has reached the USD 4 trillion mark.' We are the fourth largest economy as I speak. We are a USD 4 trillion economy, and this is not my data; this is IMF data. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to, you know, what is being planned, what is being thought through, it's a matter of another 2.0-2.5 to 3 years; we would become the third largest economy,' said BVR Subrahmanyam. According to the IMF's April edition of the World Economic Outlook report, India's nominal GDP for fiscal 2026 is expected to reach around USD 4.187 trillion. This is marginally more than Japan's likely GDP, which is estimated at USD 4.186 billion. The international financial institution projects that India will remain the fastest-growing major economy over the next two years. India's economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers, the April 2025 edition of the IMF's World Economic Outlook had said. India is among the fastest-growing major economies and is projected to remain so over the next few years, as many global agencies have anticipated. Even as India has overtaken Japan in terms of the size of the economy, the per capita income in India remains very low. (ANI)
India Gazette
28-05-2025
- Business
- India Gazette
"On what basis are you claiming...": Sanjay Raut questions India becoming 4th largest economy
Mumbai (Maharashtra) [India], May 28 (ANI): Shiv Sena (UBT) MP Sanjay Raut on Wednesday questioned India's rise to becoming the world's fourth-largest economy, challenging the basis for celebration amid record-high unemployment and declining foreign investment. Speaking to the media, Raut pointedly remarked that in a nation where 85 crore people still rely on free food grains, such boasts ring hollow. 'In a country where even today, Prime Minister Modi has to provide free food grains to 85 crore poor people, where unemployment is at its highest, and foreign investment has stopped coming in, on what basis are you claiming that we have become the world's fourth-largest economy?' Sanjay Raut said. On Friday evening, addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', NITI Aayog CEO, Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy. Citing data from the International Monetary Fund, the CEO of India's apex think tank stated that India's economy has reached the USD 4 trillion mark. 'We are the fourth-largest economy as I speak. We are a USD 4 trillion economy. This is not my data; this is the data from the IMF. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to what is being planned, what is being thought through, it's a matter of another two to three years; we would become the third largest economy,' said Subrahmanyam. Earlier on Tuesday, Prime Minister Narendra Modi said that the pressure has increased to go one notch higher in the ladder of top global economies, and it surpasses the excitement and happiness of India becoming the fourth largest economy. The Prime Minister highlighted that the goal is clear that by the year 2047, India must be a 'Viksit nation' with no compromise. Addressing a public rally in Gandhinagar, the Prime Minister recalled the excitement among youth of the country when India surpassed United Kingdom, who had ruled India for over 200 years, and became the fifth largest economy. (ANI)
Time of India
28-05-2025
- Business
- Time of India
"On what basis are you claiming...": Sanjay Raut questions India becoming 4th largest economy
Sanjay Raut questioned India's claim of becoming the fourth-largest economy, citing high unemployment and declining foreign investment. He argued that celebrating this achievement is difficult when a significant portion of the population relies on free food grains. NITI Aayog CEO Subrahmanyam, referencing IMF data, stated India has surpassed Japan, reaching a USD 4 trillion economy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shiv Sena (UBT) MP Sanjay Raut on Wednesday questioned India's rise to becoming the world's fourth-largest economy, challenging the basis for celebration amid record-high unemployment and declining foreign to the media, Raut pointedly remarked that in a nation where 85 crore people still rely on free food grains, such boasts ring hollow."In a country where even today, Prime Minister Modi has to provide free food grains to 85 crore poor people, where unemployment is at its highest, and foreign investment has stopped coming in, on what basis are you claiming that we have become the world's fourth-largest economy?" Sanjay Raut Friday evening, addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047 ', NITI Aayog CEO, Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest data from the International Monetary Fund , the CEO of India's apex think tank stated that India's economy has reached the USD 4 trillion mark."We are the fourth-largest economy as I speak. We are a USD 4 trillion economy. This is not my data; this is the data from the IMF. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to what is being planned, what is being thought through, it's a matter of another two to three years; we would become the third largest economy," said on Tuesday, Prime Minister Narendra Modi said that the pressure has increased to go one notch higher in the ladder of top global economies, and it surpasses the excitement and happiness of India becoming the fourth largest Prime Minister highlighted that the goal is clear that by the year 2047, India must be a "Viksit nation" with no a public rally in Gandhinagar, the Prime Minister recalled the excitement among youth of the country when India surpassed United Kingdom, who had ruled India for over 200 years, and became the fifth largest economy.
India Gazette
26-05-2025
- Business
- India Gazette
India's per capita income growth was higher under UPA govt: Chidambaram
New Delhi [India], May 26 (ANI): Senior Congress leader P Chidambaram on Monday said that while the rise in India's per capita income under the BJP-led NDA government is 'broadly correct,' the rate of growth was higher during the tenure of the Congress-led UPA government. Responding to recent remarks by the CEO of NITI Aayog, BVR Subrahmanyam, who stated that India's per capita income had nearly doubled from USD 1,438 in 2013-14 to USD 2,880 in 2024, Chidambaram said he welcomed the progress but added that the complete picture tells a different story when the performance of the two successive governments is compared. Quoting data from the International Monetary Fund (IMF), Chidambaram noted that India's per capita income stood at USD 543 in 2003, when the UPA took office, and rose to USD 1,438 by 2013 -- a 2.64 times increase in 10 years. Under the NDA government, however, the increase from USD 1,438 in 2014 to USD 2,878 in 2024 amounts to just 1.89 times, falling short of a doubling in the same time frame. 'Under the UPA government, the per capita income more than doubled in 10 years. Under the NDA government, it fell short of doubling. The per capita income doubled in 11 years. I am happy with the record of both governments, but a shade happier with the UPA record,' said the former Finance Minister. In a post on X, P Chidambaram said, 'The CEO of NITI Aayog told the media that India's per capita income had doubled from USD 1438 in 2013-14 to USD 2880 (in 2024 in 11 years). Broadly correct, and we are happy.' 'However, he should have given the full picture, according to the IMF, which is, 2003---USD 543, 2013---USD 1438, 2023---USD 2711, 2024---USD 2878. Under the UPA government, the per capita income more than doubled in 10 years---actually 2.64 times. Under the NDA government, the per capita income fell short of doubling in 10 years---actually 1.89 times. The per capita income doubled in 11 years. I am happy with the record of both governments, but a shade happier with the UPA record.' India has taken another stride, pipping Japan to become the fourth-largest economic powerhouse. In September 2022, India had surpassed the UK to become the fifth-largest economy. On Friday evening, addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', NITI Aayog CEO, Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy. Citing data from the International Monetary Fund, the CEO of India's apex think tank stated that India's economy has reached the USD 4 trillion mark. 'We are the fourth-largest economy as I speak. We are a USD 4 trillion economy. This is not my data; this is the data from the IMF. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to what is being planned, what is being thought through, it's a matter of another two to three years; we would become the third largest economy,' said BVR Subrahmanyam. According to the IMF's April edition of the World Economic Outlook report, India's nominal GDP for fiscal 2026 is expected to reach around USD 4.187 trillion. This is marginally more than Japan's likely GDP, which is estimated at USD 4.186 billion. India's economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers, the April 2025 edition of the IMF's World Economic Outlook added. In contrast, the IMF projects global economic growth to be much lower, at 2.8 per cent in 2025 and 3.0 per cent in 2026, highlighting India's exceptional outperformance. (ANI)
