How does sustainable development exist in India?
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Question by : How does sustainable development exist in India?
Please could some one explain it to me in simple terms?
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One Response to How does sustainable development exist in India?
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India is a great country for economic development. India got variety of natural resources and also human capital. The saving rate in India is more than 32%. As per theories of Economic Development , in any country , when the saving rate crosses more than 15%, it can take off. That is what our Late Prime Minister Shri Rajiv Gandhi used to say.
We have good agriculture due to existence of water irrigation created by Multipurpose Projects like Bakranangal, Nagarjuna Sagar et.,.The contribution of Green Revolution is great. During Nehru era , lot of Industrial and Agricultural Development has taken place,
During Nehru era lot of Public Sector Under Takings such as HAL, HMT, BHEL and SAIL were established. Subsequently many other Public Sectors were added.
Next comes the Transportation. The Air India, Indian Railways and Lot of State Road Transport Services are forming basis for sustainable Economic Development.
Finance: The RBI and Public Sector Banks along with Private Sector Banks are taking care of basic investment needs in the country.
Service Sector:Some how we have killed Indian Postal Services and paved way for creation of lot of courier services. Existence of IITs, IIMs and vast number of Engineering and Management collges takes care of Technical support for sustainable E.D.
The factors of production Land (Raw materials), Labour, Capital and Organisation are available plenty for sustainable economic development.Of course cause for many scams too.
We are having good export potential in agricultural goods, textiles and other industrial goods
Besides, we have ready made market for everything that makes fulfulment of demand side for economic development.
We have more than required qualified professionals to take care of Economic Development.
Having confident about sustainable Economic Development in the coming future, we also to be cautious on the following areas.
Need for alternative energy sources. Pertrolim products are playing havoc with our Budgets.
Go for more and more atomic /hydel/thermal/Bio mass power plants to meet the growing needs.
Do everything to over come supply constraints so as to control inflation less than 7 to 8% of GDP.
Development of Infrastruction.
Clean administration.
Support for agriculture for sustainable development.
If only WE CONTROL CORRUPTION AND ADHRE TO FAMILY PLANNING NORMS, INDIA CAN EVEN TAKE NUMBER ONE POSITION IN THE WORLD. Any doubts?
Raghupati
May 25, 2013 at 1:56 am