Professional Documents
Culture Documents
On
India’s target of USD
5 trillion economy
The Business GOAL / PROBLEM-
Goal - Our goal is to promote Indian economy up to USD 5 trillion
economy
Major problem – Infrastructure Development Should be done Which are inter related to
all Problems = GDP (Gross Domestic Product) Growth
The OBJECTIVE -
Some of the Major and minor problems are being listed below -
1. Infrastructure Development
2. Investment in Research and Development
3. Skill Development/Skill workforce
4. Ease Of Doing Business/Promoting Startups
5. Export Promotion/Promote Make in India
6. Tax Reforms need to be change
7. Sustainable Development need to be Promoted
8. Promotion of small and medium Enterprises
9. Financial Sector Reforms/expand should be there in financial service
Analysis-
As we have seen above the different problems that is being faced in the
project being the chief secretary to Ministry of finance I have come some
solutions for the same
As per my analysis the possible solutions of the above problems are as
follows-
1. Infrastructure Development:-
Improving Transportation Networks like Roads, Railways, Ports, Airports
etc.
Enhance Digital Connectivity and Broadband access
2. Export Promotion:-
Exports to Reduce dependency on a Few Products.
Promoting the Self develop goods/Products (Make in India) and Export
them Instead of Depending Other Countries.
Develop trade agreements to access new markets.
3. Regulatory and Tax Reforms:-
Simplify Regulations and Reduce bureaucracy.
Ensure a stable policy environment.
4. Sustainable Development:-
Balance economic growth with Environment concerns
Promote Renewable Energy and Efficient Resource use
5. Financial Inclusion and Access
Expand Access to financial services.
Foster an Inclusive banking and insurance sector.
Promote Digital Payments and Financial Literacy.
6. Economic Growth and GDP Increase:-
Encourage Investment in key sectors such as Manufacturing, services
and technology
Increase productivity and Efficiency across industries.
7. Skilled Workforce and Education:-
Strengthen education and vocational training.
Focus on innovation and research to drive technology Adoption
8. MANUFACTURING FACILITY :-
Manufacturing facility are to be given at its full so that we can
manufacture effectively and efficiently MADE IN INDIA can only get
success full only after the good manufacturing facility being provided as
earlier we were the agricultural manufacturing economy
9. NATIONAL INCOME:-
As the employment will increase it will automatically lead to the rise in
the standard of living and income of the people which is a good sign for
the economy that is because it will lead to increase In the national
income of the nation
ALL THIS STEPS WILL HELP US TO GET THE GDP STABILIZE and reach the
target of USD 5 Trillon Economy
As we have seen above the different problems that is being faced in the
project being the chief secretary to Ministry of finance I have come
some solutions for the same
RESULT :-
Working on economic growth "Make in India" is said to be the best possible
solution.
This plan would help to boost the manufacturing sector and also augment
investment into the country. The government of India also intends to
encourage businesses from abroad into investing in the country and also
manufacture here, by improving the country's 'Ease of doing business' index
with the help of Make in India process. It is a very important government
programme that has under its wing. The Make in India website also has
listed the 25 focus sectors, and also furnished all relevant details about
these sectors, and related government schemes, including the FDI policies,
IPR, etc. It aims to transform India into a knowledge-based and digitally
empowered economy
Conclusion:-
As per above analysis The Indian economy is currently facing a number of
challenges. These include high level of inflation, an unstable rupee, and a large
current account deficit. In addition, the country faces significant infrastructure
needs and a growing population that is increasingly young and educated. These
factors present both opportunities and challenges for the country's economic
growth in the year's ahead. To reach 5 trillion dollar economic growth, it should
improve employment opportunities, as well as improve education facilities. It
should also promote domestic and global products. In this way we would be
able to improve our economic growth
A good infrastructure has to be made by our economy to promote GDP so
that it may become more stable in upcoming future. We should invest more on
infrastructure as in the rapid in increase of growth and population a good
transport facility , education and many more things are require
References:-
My friends
Web Sites ( Forbes , Google , Quora , Wikipedia etc)
Youtube
Recent Budget of India Statement