Prime Minister Modi said in his Independence Day speech that India must become a developed nation by the time we complete 100 years of independence. This means we should transform ourselves in one generation and become a high-income country by 2047. This can be met only through sustained high growth.
A growth rate of 6 percent during the next 25 years will see the economy reach a size of $16.4 trillion by 2047. At 8 percent it will take the economy to $20.6 trillion, and at 10 percent, it will be $32.6 trillion. This is the compounding power of growth.
A 6 percent real growth rate will translate into a per capita income of $10,000 by 2047. At 8 percent, it would be $14,000. At 10 percent, it would touch $22,000 and radically transform the lives of citizens.
Bu hikaye THE WEEK India dergisinin October 09, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE WEEK India dergisinin October 09, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
We need to engage more with communities
Designer Aratrik Dev Varman of the label Tilla has long been a lover of history. One could comfortably call him part-aesthete, part-archeologist, for his clothes dip into vintage styles of the Kutch, Sindh, Balochistan and Afghanistan, bringing alive antique styles and crafts. Tilla, the store and atelier, are situated on a tree-lined avenue in Ahmedabad.
The great luxury slowdown
A year or so ago, if anyone had told me that Tommy Hilfiger would have stolen the show at New York’s Met Gala, I would have laughed. But it seems the end of giant luxury labels is upon us even before we expected it. The American ready-to-wear designer Tommy Hilfiger seems to have created the maximum media buzz at the 2024 Met Gala, according to several data analytics firms.
RAP BRINGS RAPTURE
How indie artistes, especially hip-hoppers, are driving the phenomenal rise of Malayalam music
Employability issues are a narrative created by the corporate world
Prof Yogesh Singh is the 23rd vice chancellor of the century-old University of Delhi (DU). An engineer with a PhD in computer engineering, Singh has an impressive track record of teaching, innovation and research in the area of software engineering. He has more than 250 publications and his book, Software Testing, published by the Cambridge University Press, is well-received internationally. In an interview with THE WEEK, Singh talks about trends in higher education in India, the challenges faced by big universities, and how to make higher education more interesting. Asked about the perception that Indian graduates are “not employable”, he reacts strongly, and emphasises the difference between training and higher education. Edited excerpts:
SERVING WITH DISTINCTION
Conceived as a university like no other, Jawaharlal Nehru University became India's best. Here is how
Mandela Effect and Liar's Dividend
The complex tapestry of AI's impact on society
The other Sabyasachi
I am Sabyasachi Mukherjee, not to be confused with my namesake, the celebrated fashion couturier, declared the venerated director-general of Mumbai’s pride, George Wittet’s Indo-Saracenic jewel, the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, formerly known as the Prince of Wales Museum.
THE MANGO HUNTERS
'Naadan Maavukal' started out as a Facebook group, but what it does offline has helped conserve many indigenous varieties of mangoes
ANGRY, YOUNG AMERICA
Campus protests against the Gaza war continue to linger as students demand a realignment of US ties with Israel
BJP LEADERS, TOO, HAVE HAD ENOUGH
Farmers’ protest has taken the centre stage in Haryana, which goes to the polls on May 25. Former Haryana chief minister Bhupinder Singh Hooda is confident that the Congress, which has been out of power for 10 years, will regain its hold on the state. “People who voted for the BJP are disappointed today. It is clear that they want change,” he told THE WEEK.