Will India become a developed nation by 2050?
I think India will. This is because the present day India shows a significant improvement in GDP year by year, and the country is always the No.1 in space race. India is one of the rising powers of Asia. India have developed a lot since its independence. Although the development was very slow, it gradually began to change the face of the country. The superpowers are looking at India for their better opportunities. Many facts about India are not known to all.
Some of them are:
India is the largest biomass producer in the world.
It is also the largest user of Solar Energy.
India recycles 60percent of its plastic waste whereas the figures for USA and Japan are 12 and 10 respectively.
India is the largest democratic country in the world.
India is the second largest English speaking nation in the world.
Starting at almost none, in 1947, India reached the present stage, which contributes to many countries and made other countries to look at. India's development is going from 0 to infinity, and we reach there by 2029, according to a report published by World Bank in August 2015. So, India have the power to develop, and without fail, we could develop by 2035 at least if everything happens in positive.
As of now, the spending power of an average Indian is just 3% of that of a US citizen; however, by 2050, it will increase to 24%. This proves the fact that India is right now at the cusp of an economic boom.
As per a recent research titled "Long-term macroeconomic forecasts – Key trends to 2050" conducted by The Economist Intelligence Unit, it was revealed that by 2050, India will become world's 3rd biggest economy overtaking UK, Germany, Japan, France and Brazil.
China will become world's most powerful economy, beating USA.
The Current State
With an annual GDP of $2055 billion, India is right now placed at #9 rank among all the nations of the world, when it comes to the Economic ranking of the top 10 countries. With GDP of$ 17,479 billion, US is ranked #1 and China is ranked #2 with GDP of $10,335 billion.
However, taking into account the economies of 82 nations, and the long term decisions made by the Governments, there would be a major reshuffle in this ranking.
Here is the projected ranking showcased by the Economist team, based on the GDP of top 10 nations.
As we can see, besides India and China, every current top 10 nation will face severe negative growth. Infact, by 2050, Italy and Russia would be ousted from this top 10 ranking. As per various projections, Mexico, and another Asian country Indonesia would jump into the top 10 chart.
As of now, Indonesia is at 16th rank and Mexico is at 15th rank.
And India will climb 6 places to reach #3 position, behind China and USA. India will experience a growth rate of 5% in it's GDP, which is again highest in the world.
– Dominance of Asia: Between 2000 and 2014, several Asian economies such as Japan and Korea saw incredible growth of their GDP as in some instances, it was as high as 32%. This growth story will continue to surpass rest of the world, as India, Indonesia, Vietnam, Thailand and Malaysia would be the torch bearers of the new growth path. The report does mentions that the growth rate for the next 35 years would not that be that high, but still it account for 53% of the global GDP by 2050.
– Power of Top 3 Economies: By 2050, the combined economic power of top three countries: US, China and India would be more than the combined size of the next 5 countries: Indonesia, Germany, Japan, Brazil, and the Uk
No The reasons are: 1) India has 40% of its population below poverty line. Population is expanding every day. Can India feed 100% of its population by then ? No.
2) Literacy rate in females has to be 100% This can't be achieved as there are not enough schools in remote areas & some parents do not send their children to school.
3) Indians do not enjoy peak health as almost 30% of population is having some health problems of one type or the other.Numbers of medicine shops are increasing every day - not decreasing.
4) Numbers of private hospitals are also increasing.
5) Indians are suffering from all types of health problems at all times. There is not even a slightest sign that average health is improving.
6) 75% of Indian engineers are not suitable for direct employment. What they study in colleges & the fact that they do not have any skills makes matters worse. There is still no sign of improvement in this.
7) Pollution is on the rise instead of going down & by 2050, matters would be worse.
8) Infrastructure is too poor & its progress also is poor. Consider this: After 68 years of gaining independence, India has added only one Harbour - Kandla, to the 5 India already had during British rule. In fact India needs at least 25 harbours. 95% of coastal shipping is done by foreign vessels & only 3% of the total crew on these ships are Indians. India doesn' t have any coastal passenger line service.
- Where are we - we are nowhere.
First of all There is not a single definition of a developed country. World Bank's list includes 66 developed countries and OECD list includes only 34 countries.
Map of developed countries
And this map is according to http://wikipedia
Surprising Events That Will Happen Before 2050
Well yes. India definitely has the potential to become not just a developed nation but a super power.
We are all well familiar how positive our demographic dividend is right now. We will be the country with the youngest population in the working age group in near future. The only thing we need to do is divert the energy of this humongous populace in the right direction. For that our government is taking a lot of steps. Most important being the Skill India Mission that aims to provide skill to over 40 crore people till 2022. With the right skills we have the potential to become "human resource capital", of the world like china became the "manufacturing factory" by encashing their demographic dividend.
Also with Make in India project, we aim to encourage the entrepreneurial skills of people of India and also bring in foreign direct investment. That will also provide employment to our youth and would channel thier energy in the right direction.
Moreover, we are already a space power and ISRO has made us proud on many occasions.
Also, it won't take us long to win our votes to become permanent member of UN Security Council and also Nuclear Suppliers Group.
Definitely, no one can be so sure about future because it's very unpredictable but we sure have reasons to feel positive about our future.
Not in 2050 but it is by 2050.
And now the answer.
I am going to answer this question assuming you're a boy/girl around 20–25 years of age.
Lets think that you will get married in 2–5 years.
There is 30 years still left for 2050 after your marriage.
Now, the developement of India is on your shoulder and your children shoulders.
Lets make the difference.
Lets forget what all the bad that society has taught us.
Majority of this generation were lucky to have education and we can educate our children even better.
So for India to be called as a developed country by 2050, its the duty of us (youngsters) and the next generation ( our kids ).
I hereby promise that I am gonna change the world for my kids.
They are not going to live in this society witb all those mis-beliefs and dramas.
Let us all take this oath and make India great.
Jai Hind !
Rating agencies such as Crisil have predicted a further growth in India's GDP to 7.9% in 2016-17. The prediction is backed by good rainfall during the monsoon and an upward yield in agricultural production this year
When India overtook China as the fastest growing major economy in the world earlier this year, the significance of the development did not go unnoticed. With this breakthrough, India had stormed the global scene to claim its rightful place among the world's top economies.
Its GDP had grown to 7.6% from 7.2% a year ago, consolidating its position as one of the few bright spots in a flailing global economy. The development gave cause for hope to the Narendra Modi government, which had introduced during the preceding two years several concrete measures to boost the economic growth of the country.
Rating agencies such as Crisil have predicted a further growth in India's GDP to 7.9% in 2016-17. The prediction is backed by good rainfall during the monsoon and an upward yield in agricultural production this year. Crisil has noted another positive development - sustainability of nominal GDP growth. Domestic credit growth has averaged 9.8% in the last two years, almost in lockstep with 10.2% nominal GDP growth.
But growing GDP or improving economic condition, or infrastructure, metros and oll won't make a country developed unless each and every citizen of it's is not developed as we know that India is facing problem of poorty and hunger India has to first clear all that make people believe and let there poorty disapper then and only then I will koll India developed no matter 2050 r before that.