Atmanirbharta is a means for regaining India’s share in the global economy and improving the quality of life for the citizens. Discuss (200 Words)
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Nazneen 2 years
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IAS Parliament 2 years
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IAS Parliament 2 years
KEY POINTS
· With the onset of colonial rule and its concomitant wealth drain, India’s share in world GDP was reduced to a mere 4 per cent by 1950.
· Today, India’s share in world output remains at 4 per cent in nominal terms while its share in world population has increased to 18 per cent and rising.
· Our share in global manufacturing, which was also more than 20 per cent prior to the deindustrialisation under colonial rule plummeted to 2 per cent by 1947. By 2019, we have managed to increase it only to 3.1 per cent.
· Therefore, we must set ourselves the target of achieving at least a 16 per cent share in global GDP and a 20 per cent share in global manufacturing for true Atmanirbharta.
· Every country attempting to successfully make the transition from a low-income economy to an upper middle income economy has had to expand its exports of both goods and services.
· It is important that the RBI ensures a neutrality of exchange rate between exports and imports. Exports should not be penalised by an over-valued exchange rate.
· In essence, Atmanirbharta should be seen as a means for regaining India’s share in the global economy while simultaneously improving the quality of life for the common Indian.
PANDI SANTHOSH RAJA S 2 years
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IAS Parliament 2 years
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Sivasurya 2 years
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IAS Parliament 2 years
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K. V. A 2 years
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IAS Parliament 2 years
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