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India - a Global Player

-- Anakha D Dev,VIII-B,Indian Learners Own Academy, Kuwait

"India will be a global player in the digital economy”, says Sunder Pichai-chief executive officer of Google LLC. It’s a very proud entity that an Indian receives such great posts at a very young age. The credit is all given to his native country that has helped him carve himself into being such a successful person.

He is a best example to state India's development in educational statuses. When we come to India's economy, there is no distinction dawn between economic growth and economic development. However, since the seventies it has been thought necessary to distinguish between economic growth and development.

The experience of the developing countries, especially India, during the sixties and seventies showed that whereas target rates of economic growth were in fact achieved trickle down effect in the form of creation of more employment opportunities, rise in ways and improvement in income distribution did not operate. The problems of poverty, unemployment and income inequality further worsened instead of getting reduced. After realizing the fact that a country requires a highly educated population instead of a high population to resolve poverty and unemployment, our country's concept of development was broadened. Economic development will take place in true aspects only if the poor people are above poverty line.

This consciousness brought about a massive change in our country's GDP. The first and foremost objective of development is to achieve a higher rate of GDP, in which our country is forging ahead successfully. Currently, 1 Kuwaiti dinar equals 231.34 Indian Rupees (as of 9 January 2019), which may increase in a very short period with its development strategies. Also, the value of Indian currency and US Dollars depends upon the demand and supply of these respective currencies. And the demand and supply of these currencies depend mainly on the economic condition of the country.

That is why the Indian government promises education in India to promote the awareness of creating a developed economy for our future generations. Let's forge ahead to make our country’s economy the leading one the way it is in terms of population. Friends, we can promote economic growth through innovation.

LET THIS BE A BEGINNING OF A BIG BANG FOR INDIA.



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