Wednesday, August 15, 2018


India - 2018
                                                                                           India will celebrate its seventy first independence day on 15 Th August 2018 and  have to analyse  where it stands on  Independence Day.
                                                                                            India is now world sixth largest economy.  The  Income Tax  payers have reached to the figure of 6.84 crores with the  increase of Direct Tax Receipts of 19.5 % a Year on Year.  The present GDP is 6.6% and expected  to reach 7.03% in the year 2018-2019. India's foreign exchange reserve was $422.53 Billion at the end of march 2018. besides that india has become  third largest  start up base with 4750 Technology Starts Up. In view of above it can be seen that India has made considerable Economic Progress
                                                                                           However it is reported that Rupee has gone down up to Rs 70=32 against One Dollar on 14 Th August 2018.  The 10 GM Gold which was costing about Rs 88.62 in the  year 1947 has now reached to Rs 35595/-  per 10 GM Today. The Milk which was costing Rs 0.12  per liter in the year 1947 is now costing Rs 40/- to Rs 50/- per liter today. This is only to show that inflation is on high side. The population which was 330 Million  in 1947 has  gone up to  1.3 Billion at present. This is how the developments have  been eroded.
                                                                                            It is not to state that India has not made any progress.  The Road , Port and Airports infrastructures have been improved very much after Independence. The the mode of Transport of Average person is also improved from Bicycle/Horse Cart to Car, Metro, BRTS, Ola/ Uber Taxi and Air Travel. But  the shared Taxi Charges for 3 kilometer has gone up to Rs 80/-to Rs 100/- To Day .
                                                                                           The Lower Middle class has come up and it has become the biggest market and attraction for the foreign investors.  India has now become the biggest Mobile Market after China. The foreign Auto and Scooter manufacturers have started their manufacturing units in India in order to meet the demands of said upcoming class. India is already ahead in Atomic, Space, Missiles, Software, and Defense Technologies.
                                          In spite of that the 30% of Indian population is still below poverty line and more desired to be done by the Government.
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