The Changing Face of India in 2020

Despite being a developing country, the pace at which India is making progress is very fast and tremendous. If this rapid progress is continued and maintained, the state of affairs in upcoming years would be very impressive. In the changing face of India in 2020, India will present a picture of tremendous progress, prosperity with a rich heritage.

Though our past was glorious, still our Government is doing its best to raise the standard of living and Gross Domestic Product (GDP). The major sector is a primary sector; therefore, we can rightly call India an agricultural country.

But in recent times, agriculture is not much satisfactory as production was low in comparison to other progressive countries. The government has made an initiative to make farmers understand the benefits of using improved methods of agriculture and scientific implements. There has been a great change in the agriculture field formerly, earlier it was not considered a profession.

Our young generation shows a keen interest in different fields to make India a more developed nation, one such is agriculture, they learn, acquire, and receive technical training and knowledge in a proper environment. Attending seminars agricultural exhibitions and different campaigns help students to grasp things faster. With proper knowledge and experience, they use improved quality of seeds. Our Government is taking necessary steps, spreading awareness and thus, not lagging.

Whether it is the primary, secondary, or tertiary sector, progress is being made. In the coming years, Indians would also achieve new meaning and grace. The standard of living would rise and the present stage of hunger and poverty along with other global issues will resolve.

Being a proud citizen of our country we can say that the future of India is very bright and glorious. Although the coalition government appears a political period of instability, the economic development of the country can be pursued. The multi nations should be allowed only in the core sector to save our industrial backbone. But, we should not be afraid of healthy global competition because these days, no nation can afford to be isolated from integrating with the rest of the world.

Changing Face of India

The significance of the monsoon is declining on the economy and also the shares of agriculture in India’s GDP are diminishing, still, the rural market remains an integral part of India’s economy and it accounts for more than 70% of India’s population. The retail boom has swept the country in recent years and has empowered the rural economy. Also, a growing number of companies see potential in rural areas because of the rural sector’s role in demand and supply.

With rising income growth farmers are getting better deals from major retailers where payment is immediate. Companies are using various experiments to tap the latent rural potential. Apart from marketing agri-produce inputs, companies have come into consumer durables, financial services, and other areas.

With rising rural incomes there is a visible rise in rural spending. Demand is a major growth driver in the rural segment, and various companies have come into the sector to improve supply-chain dynamics. This eliminates the role of the middleman; many models have been introduced for price transparency and reduced wastages.

58% of farming households still lack basic banking services, financial inclusion is gaining importance as microfinance has emerged as an attractive proposition. Most of the companies are also tying up with banks; insurance companies are also getting in.

Telecommunications has grown at an unprecedented pace; but the distribution is highly distorted, with urban density at 31%, and rural at 2-3%. Companies are tapping the mobile telecom market through innovative initiatives.

The IT segment is also getting into rural areas in a fairly budding stage, but it is an interesting initiative. The aim is to set up basic data processing outsourcing centers in the 160 villages of the Byrraju Foundation’s GramIT project to enhance employment, technology, and education.

Government initiatives are also positive and have encouraged commercial viability. These include the Rural Employment Guarantee Scheme and the Bharat Nirman Program. With infrastructure improvements, the rural areas will be connected with the hinterland, which encourages corporate entry.

The positive impact of corporate inclusion in rural India has to be wide. Encouraging employment within agriculture, companies should increase emphasis on rural retail. Also, the upward shift in income levels should help in lifting people out of poverty. As farming sector activities are climbing up the value chain, productivity is also likely to see an improvement.

Conclusion

India in 2020 would be much more prosperous and vibrant. Together, we have to resolve the issues of unemployment, poverty, and other global problems. We must strengthen ourselves and bright them out and make India a front-ranking nation in the world.

By- Sakshi Bhardwaj

To know more

1. Sports Contribution In Gross Domestic Product

2. All About Gross Domestic Product

3.  Foreign studies consultants