Dr.C.Muthuraja's Presentation on India Emerging as Global Leader
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Economy & Finance
Dr.C.Muthuraja's Presentation on India Emerging as Global Leader at Annual Prelude Conference 2022 of IIPA, New Delhi organized at Mannar Thirumalai Naickar College, Madurai, Tamil Nadu on 27.09.2022
Dr.C.Muthuraja's Presentation on India Emerging as Global Leader
India Emerging as a Global Leader
Reaching the Unreached
Dr.C.Muthuraja, M.A., M.Phil., PhD
Head, Post Graduate and Research Department of Economics
The American College, Madurai - 625 002, TAMIL NADU
Life Member, IIPA, New Delhi
(cmuthuraja@gmail.com) - (M-09486373765)
(Presented at Annual Prelude Conference 2022 of IIPA, New Delhi organized at Mannar Thirumalai Naickar College,
Madurai, Tamil Nadu on 27.09.2022)
SINCE 1881
Introduction
India at 100 Years of Independence
Aspiration for India@2047 through Vision India@2047
Focus on agriculture, urban landscape, infrastructure,
defence, science and technology, governance, banking, oil
and gas, etc.
India turns 100 in the year 2047 - as the things have been
moving so fast that in next 25 years, the country will be the
world's technological and economic powerhouse
By 2050, India is projected to be the world's second-largest
economy (overtaking the United States) and will account
for 15% of the world's total GDP
The economy growing has led to manifold changes in
people’s lifestyles, from the vibes in the city to the
attitudes in society and eventually the overall walk and talk
of the country and its inhabitants
SINCE 1881
India Global Leader - Basics
India is considered one of the potential
superpowers of the world. This potential is
attributed to several indicators, the primary ones
being its demographic trends and a rapidly
expanding economy and military.
A unique land of vibrant colours, breathtaking
landscapes and rich history, India is unlike any
other. From the writhing streets of Mumbai to the
idyllic shores of the Andaman Islands, this
remarkable country offers a diverse feast for the
senses.
Global leaders are in charge of the development of
their employees, so that they, in turn, can do a
better job and achieve their goals.
SINCE 1881
India Global Leader – Basics
India has emerged as the fourth most powerful
country in Asia with its overall score declining by
two points from 2020 in the Lowy Institute Asia
Power Index. India fell short of the major power
threshold in 2021 and is among eighteen countries
in the region to trend downward in its overall
score in 2021
Constraints are there, both internal and external.
Internal constraints like poverty, unemployment,
illiteracy, health care, transportation etc
A country can become a developed country
by establishing new industries & factories as these
industries are a major contributor to the national
income of a country.
SINCE 1881
Vision for India @ 2047
Vision India@2047 will be guided by the aspiration for
India@2047, like attaining new heights of prosperity,
making best facilities available both in villages and cities,
eliminating unnecessary interference by the Government in
the lives of citizens and building world's most modern
infrastructure
Education Sector, global Value Chains, leveraging sunrise
sectors growth, Climate change, R&D, Innovation &
Entrepreneurship, employment issues, human capital
development, governance etc.
Higher Education: future education, future skills, gender
equality, R&D, innovation, entrepreneurship, employment
issues etc. (https://www.mygov.in/mygov-
survey/consultation-vision-india2047)
SINCE 1881
Vision for India @ 2047
Aim – Principle – Priorities
Aim
Aim of the vision is to create an action plan
Road map will be created for each sector
Execution of the plan is to begin this decade
Principle
Whole of country” or “Whole of Government” approach
Plan will build expertise within the government
It will leverage international capital
It will involve international expertise
It will involve experts from different fields - Future India
Priorities
Develop new age agriculture
Future – ready Cities
Create an ecosystem on emergence of Indian global champions
Growing soft power of the country
SINCE 1881
About the Plan
Plan will benefit the 100th year of Indian
Independence
Targets that are to be completed in 25 years
Free up foreign defence acquisitions that are made by
India
Make India Self reliant
Restructure the Public Sector Banks
Eliminate the unnecessary interference made by the
Government on the lives of the citizens
Turn India in to a Skill Capital
Develop at least ten Indian Institutions and bring them
among the top hundred in the World
Gap analysis in Government and Private Sector
SINCE 1881
Agriculture, Commerce & Industry, Infrastructure
and Urban landscape, Security & Defence,
Technology and Governance
Developing 3 or 4 global champions - oil and gas
sector by merger or restructuring of companies,
developing semi-conductor complexes and making
India a hub and leader in green technology and
skilling
Governance - Re-engineering government
processes', bringing institutional expertise in
government besides 'eliminating unnecessary
interference by the government in the lives of
citizens
SINCE 1881
The Key Areas Identified
Develop India into a skill capital and bring at least
10 Indian institutions among the top 100 in the
world
A 'new age agriculture' plan proposes micro
irrigation and organic farming, positioning India
as a top exporter in identified streams
Development of urban infrastructure and 'future
ready' urban spaces - ensuring access to best of
facilities in rural areas as well (Niti Aayog)
Decarbonisation
Making India a $40 trillion economy by 2047
To become energy-independent by 2047
SINCE 1881
The Key Areas Identified
Rural Development Sectors
Social Development
Rural Infrastructure
Environmental concerns
Growing Population & Urbanisation
Agriculture & Allied activities and Development of Rural
Industries
Employment & Changes in Occupational Structure
Technological issues
Energy
Building of Institutional expertise and Centres of Excellence
Balanced Regional Development
Quality Assurance & Regulatory Activities
Research & Development (https://rural.nic.in)
SINCE 1881
SWOT & Cautions
S - A land of solar power and renewable energy technologies
W - A country stricken by poverty
O - Investments needed for 69 Indian countries (69 Cities)
T - Hypertension affecting 40% of Indian youth
Cautions
Growth is measured by how much it respects the rights of its citizens
Until women are safe, no amount of ‘economic growth’ means a whit
Each state has its own unique languages, culture, cuisine and
traditions
Free from unemployment and every person to make their life worth
living
Live in harmony and peace despite having different cultures and
religions
Best educated and entrepreneurial, and so will occupy top posts across
the world in politics and business
Population will rise to 1.6 billion, overtaking China
SINCE 1881
ONE WAY…THE ONLY WAY…
Consumers
Producers
Distributors
Imports Dependent
Exports Dependent
Foreign Debt Dependent
ONLY WAY…
Since We have Largest Amount of
Consumers in the World
Be Indian…Buy Indian Products
SINCE 1881
Towards Global Leader India
Role of
INTERNATIONAL INSTITUTIONS - POLICIES
UNION/STATE/LOCAL GOVENMENTS
CORPORATE INDIA
NON-GOVERNMENT ORGANISATIONS
VOLUNTARISM THROUGH KNOWLEDGE, SKILLS AND
TECHNOLOGY
YOUTH IDEAS & POWER (DEMOGRAPHIC DIVIDEND)
APPEAL
TOWARDS GLOBAL LEADER INDIA EDUCATION
PLEASE
EACH ONE IDEA ONE
IF NOT
EACH ONE MEET ONE AND IDEA ONE
(QUESTIONS PLEASE)
SINCE 1881