Page 155 - SGS-Alchemy 2019-20 F
P. 155
Indian Economy 2050 LIVING LIFE
The fact that India stands out as the 6th largest What is living life?
economy of the world and 3rd largest in purchasing I ask myself every night,
power parity terms despite tumultuous Every day we see lectures & sessions on healthy
international development and radical domestic life but,
actions shows that her Macroeconomic stability The foremost thing remains undermined.
continues to be the foundation of her economic ‘What is the meaning of life?’
success. India will grow to become a 3 trillion ‘How do we live life?’
dollar economy this year from 1.85 trillion dollars
in 2014. The servicemen are busy to earn salary,
The businessmen think of making more money,
As per a report ‘The World in 2015’ by a While the homemakers try to keep everyone fit
multinational consulting firm Price Water and runny,
House Coopers, Indian economy will be ranked But, is that all?
2nd in purchasing power parity terms by 2050. Or is there something which we can’t see?
The Indian Government through focusing on May be, we are too involved,
moving to a ‘virtuous cycle’ of saving, investment, In this materialistic world without a cause.
productivity, growth, demand and exports can We stray,
help the economy to achieve the ambitious goal We blindly obey,
of a double digit growth rate. India’s projected From the path which we are supposed to take.
share of world GDP at purchasing power parity by
2050 is predicted to be 15% next only to China. Now, coming back on ‘how to live life?’
However, the policy makers can face a number Struggling to score a good grade,
of key challenges such as avoiding sliding Getting a job well paid,
back to protectionism, ensuring Becoming a successful businessman,
that the potential benefits of Or having an investment turn ripe.
globalization are shared more Is that all what we need to live a happy life?
equally and developing If such is the case
new green technologies Then the rich would be the happiest,
commensurate with But alas, that’s not the base!!
sustainable development.
So, how can we LIVE life?
Another colossal challenge I don’t find myself capable
with the government is Of answering such a deep fable
India’s growing population. But to my understanding,
India’s population is expected You should know the reason,
to continue to grow until mid- The ‘why’ and ‘how’ of each move you make,
century, reaching an estimated 1.68 The ‘why’ and ‘how’ of each decision you take.
billion in the 2050s. It will be in the interest
of the Indian economy to capitalize on this Manpreet Kaur, Teacher- English
development. The government can invest more
on Human Capital Formation so as to tap this
important resource of the nation.
In the end, it could be stated that India should
make the right investments by diversifying its
economy, creating a more favourable investment
climate, and improving the quality of education.
With the right policy regime, India has the
potential to become one of the largest economies
of the world.
Mridul Kholi, Teacher-Economics
153
SACHDEVA GLOBAL SCHOOL | 2019-20
