AN ANALYSIS OF "INDIA AS AN EMERGING GLOBAL POWER: CHALLENGES AND PROSPECTS

Abstract

India is celebrating 75 years of independence. In these 75 years, India has witnessed many transformations domestically and internationally (1).We need to articulate our vision, firm up a goal and get people, policies and institutions aligned to the future vision (2).A country that is the abode of over 1/6th of the global population; it is a nation that is vibrant with the dream of its people. India of the 21st century is not just a nation, but a dream-a vision of countless souls aspiring to belong to a strong, self-reliant, powerful and developed nation (3).“ Late shri Dr. Abdul Kalam, Former President of India once said, “Dream is not what you see in sleep. Dream is something which does not let you sleep.” The nation is poised for a major power status; but the crucial question is: whether India will be able to achieve that status, because of internal and external constraints (4).The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues and policies are discussed beyond India@75 for achieving growth, inclusion and development (5).Global issues are crucial for India's growth because of its integration with the rest of the world. Better macroeconomic policies, sectoral policies, higher rates of investment in infrastructure, the use of technology, higher export levels, improved banking and other financial institution performance, and increased exports are all necessary for the country to achieve higher growth. Additionally, one of the largest challenges to progress is corruption. It has the potential to rip society's fabric apart, and it already is. It is one of the biggest threats to development (6).