19th century was of Britishers, 20th century was of United States and 21st century is of Indians. Recently our minister of external affairs Mr. S Jaishankar said that India envisions to be a developed country by 2047 when we will be celebrating 100 years of independence.
In economical and technological terms, yes we might become developed till 2047. India will be the third largest economy in the world by that time no doubt about it. We can even become the second largest economy but it might take a few more years to beat China. Sensex and Nifty will be at all time highs obviously. We have UPI and 5G will be there by 2023 in every city giving a boost to the internet.
But what about the things that matter the most ? Let me tell you some facts.
India’s ranking in various indexes:
Global Hunger Index: 104 out of 116 countries (which shows how much hunger prevails in India)
Happiness Index : 136 out of 146 countries(which shows how happy an average Indian is )
We are the fifth biggest economy in the world but have a per capita income ranking of 142.
We are the world’s largest democracy but the our Press freedom index ranking is just 150 out of 180 countries.
Don’t even get me started on the education system which still promotes rote learning instead of imparting a valuable skill.
So, what do the above facts and figures depict?
It shows that the world’s youngest nation is not doing well at all. India’s fate is in the hands of the youth. And what’s the youth doing? Scrolling.
Scrolling all day through reels, shorts, memes, stories, tweets, snaps and what not. The problem is that we now get addictions in our phones. Top apps of the world Facebook, Instagram, Snapchat, Whatsapp, Youtube are the ones that the youth wastes time on.
Ever noticed how a 5 minute break to watch reels turns into an hour? These apps are designed in such a way that, as you scroll you get the content as per your liking. Their goal is to maximise the time you spend on their platform so that they are able to make profits at the cost of your career.
These days a culture of startups is brewing among people. Everybody is now thinking of building a startup. It’s a good thing but I have some facts to present.
90% of startups fail for whatever reasons.
India has 107 unicorn companies(A company having a valuation of $1 billion or above is termed as unicorn).
You might be proud of this and of course it is a thing to be proud of but have you asked this question that how many of them are actually profitable?
Only 18–20 out of 107 unicorns are profitable.
So the answer to the question ?
On paper we will become a developed country but the day India’s ranks improves to double digits or single digits in the above indexes and a lot of other factors become right we will become a developed country in my frank opinion.
You might be demotivated with whatever I have written in this article. My purpose to write was to make you aware of what’s going on with you and around you with the help of this article.
Do you know why I always persuade you to start investing ?
It’s because it will help you generate wealth and with wealth comes freedom. Freedom to do whatever you like to do and you would be able to quit your boring job or start a new venture. You would be able to do things that actually make you happy.
Trust me you don’t want to be in a situation in which you want to quit your job but can’t just because you have to pay your bills and pay off debt.
In the end I would just like to say that India has come a long way and there’s no looking back. What we have achieved is just a fraction of achievements we are going to make in the future. BELIEVE IN INDIA
I hope I have been able to provide a value through this article. Thank you for reading. Please share if you like it.
This is Ayush Mehra signing off :)
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