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Of
late India deservingly received the due
commendation in diverse field for her incredible
accomplishments. She has shown uninterrupted
growth in the past few years, in almost every
sector (Sociology, Technology, security and
economy). The most vital evolution has been
noticed in economy which makes it second largest
growing economy in South East Asia. India’s
paranormal success brings her the honor of
leading the developing nations in the Doha round
of talks in 2006. The magnificent overseas
acquisitions by the Indian industrialists makes
India cynosure in the world of business.
Though the Indian brain power has always been
recognized all over the globe but in the last
few years the world has accepted India’s
excellence in economic course too. Steel tycoon
Lakshmi Mittal makes a prominent acquisition of
Arccelar while the bid for similar acquirement
of Anglo-Dutch steel maker Corus Group Plc. by
TATA make India a key player of steel industry.
TATA’s has raised its bid from $7.6 billion to
above $10 billion and this is the biggest
overseas acquisition that an India Inc. has ever
deemed for.
Such splendid achievements make India the centre
stage of world economy and results into around
1000 Foreign Institutional Investors coming to
India only last year. India has also
demonstrated brilliant business diplomacy with
other nations in building stronger trade ties.
India envisages above $40 billion bilateral
trade with China and further bettered in many
other countries like Japan, US, Russia Gulf etc.
India has also been crowned as the largest
software developer in the world and has got a
brilliant over 9% growth in GDP which include a
prominent over 13% growth in service sector, 24%
growth in export and tremendous boom in ITES BPO
while the manufacturing industry maintained the
trend by score above 11% growth. This year more
than 100 companies crossed $1`billion mid cap
BSE market capital which is more than 50% of
growth in one year. In 1990-91 P. V. Narsimha
Rao the Prime Minister of India announces that
“our coffers are empty” but today we have plenty
of FDI and foreign exchange available. From a
borrower now we have developed into a lender and
we even don’t back out from helping the poorer
nations. Such mystical improvement is bound to
be praised.
A nation can not be called emerging or
progressing until it has equipped the modern
technology and obtained success concerning
security of the nation. India knew this fact
since beginning and struggled to achieve it. The
substantial achievement in this realm could be
found way back in 1996 when Prithvi was test
fired and November 2006 brings India one more
mileage ahead by launching two Prithvi ballistic
missiles with one intercepting other in the air.
India gets enlisted among elite countries
savoring such advanced technology.
The most prolific achievement was advancement of
satellite technology in India. India opened it
success diary in July18, 1980 by launching SLV-3
with a capacity of carrying 38.5 kg. This
rocketed India to become 6th nation to join the
privileged space club. Soon India gets ability
to develop Geosynchronous Satellite vehicle with
a better capacity of 5,000 kg. And, continued
moving ahead except one failure on 1993. The
Indian space research organization is able to
meet the various demands of the nation in remote
sensing communications, metrology, television,
tele communication, tele-education and several
other scientific experiments. ISRO takes
majestic success by injecting exceptionally four
satellites into orbit through PSLV-C7 and will
be joined by four or five more launches from
Sriharikota. Of the four satellites, the ISRO’s
Cartosat-2is for mapping purpose and its Space
Capsule Recovery Experiment will be a precursor
to the ISRO doing the re-entry, recoverable and
re-usable launch vehicle technology. This will
hugely reduce the operating cost. ISRO also
envisions the launch of a communication
satellite with a configuration of GSLV (MARK
III) and 3.5 tonnes capacity at the end of this
year. The development of communication satellite
served a boon for improving standard of living
in India. The major educational institutions
including IGNOU, UGC, AICTE, started telecasting
educational programs in 2005. This step helped
grossly the enhancement of education and
knowledge processes.
India has turned very keen in bringing even
development in rural turf as well with this view
the government has initiated many prolific
programs which include employment guarantee
scheme, Bharat Nirman Program and swarnjayanti
gram swarozgar yojna – a Rs. 1200 crore program
for the self employment of the rural mass and it
also prioritizes the most deprived section of
society. Such steps will not only entail better
financial scene in the rural areas but also
provides them the most eminent want of proper
amenities such as drinking water, road
communication, hospital, electricity etc. M. S
Swaminathan Research Foundation and One World
South Asia in Collaboration with Microsoft has
planned a mission to create a network of
Information Kiosks in 6,00,000 villages in India
this year while 10,00 village knowledge centers
and 5,000 e-chaupals are already functioning
successfully. The new avtar of technology is
seen in the form of e-policing which has been
initiated in 1500 villages of Nagpur. The
e-policing service will provide the citizen to
connect online with police for speedy redressal
of crime. I don’t give any spiel to accept
India’s triumph but illustrate some of
imperative facts which evidently make me assert
that India is impeccably striving toward
emerging superpower and the world has no other
way but to acquiesce to it.
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Comments: |
A lot is happening in India. In very
short time India has emerged from
the obscure shadows at the back of
the world stage to the limelight of
international attention. However,
one must realize that our political
system still continues to be our
weak point. Nothing has been done to
fix the deficiencies of our
Political system.
The rapid phase of Indian
development began with Manmohan
Singh and as long as Manmohan
Singh's stable government continues,
it will too. What if after
Manmohan's era we go back to the
infighting and coalition governments
courtesy the largely uneducated and
unenlightened gunda turned
khaddardharis? It is one big reason
which keeps international investors
from freely investing in India. If
political power transition goes
smoothly time after time, then India
will have reached a cruising speed
on its way to development. I won't
yet dance for joy because Lalus and
Mulayams are lurking in the shadows
eyeing the PM's chair. - Aarcee -
Jan. 18, 2007
I would not compare Lalu with any
other current socialist leader. As
the world is truly amazed by Indian
power same is the way how a Hindi
speaking guy from Bharat and not
India has implemented the most
modern form of capitalism in Indian
Railways. This is no longer a point
of contention, it's proved already
and now is being researched by the
students.
Also I do not agree that it was just
Manmohan Singh, but yes Narasimha
Rao Guv did not have any other
option left with the state of
economics India was at that time. -
Rajendra Pd. Singh - Jan. 18,
2007 |
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