Essay on India is Progressing by Leaps and Bounds

 India is Progressing by Leaps and Bounds

India is progressing by leaps and bounds. During the period 2011 to 2015, India lowered absolute poverty by more than 90 million people. Despite well-crafted fiscal and monetary policy support, India's economy contracted by 7.3 % in FY21 due to the COVID-19 pandemic. India's economy in FY22 is forecast to expand between 7.5 to 12.5 % because of the deadly 'second wave.' However, India's economy is expected to rank among the fastest-growing in the world despite this.

While weakened household and corporate balance sheets may constrain medium-term growth, making agriculture and labour reforms successful would boost growth. Especially poor and vulnerable households suffered in the economic downturn caused by the outbreak.

In Education

Increasing access to quality primary and secondary education has been a priority of the Government of India. As a result, nearly all primary school students are now participating in the program, as well as students from marginalized groups. Through national initiatives such as the Skill India Mission Operation (SANKALP) and STRIVE, national skills development initiatives that strengthen short term informal skills and long term institutional skills are supported. A number of minority women have benefited from the education and training provided by the Nai Manzil project, including more than 50,700 women from minority communities. A total of more than 3 million students improved their tertiary learning with three phases of the Technical Education Quality Improvement (TEQIP) Project. A total of close to 2 million students in Odisha and Madhya Pradesh have benefited from the development assistance provided by the Bank. India has become a world economic power due to new technology, skills, and courses in education.

In Health Sector

In spite of progress in India's health results, challenges persist. The COVID-19 pandemic highlights the fragile nature of the country's health gains. Though the health portfolio has grown substantially in recent years, challenges still remain. As one of the most successful global success stories, India has made a strong effort to fight HIV. From 2010 to 2019, there were 37% fewer new HIV infections in India. It aims to improve quality of care, engage the private sector for improved service delivery, and strengthen non-communicable disease management in Tamil Nadu (TN), Andhra Pradesh (AP), Nagaland, Mizoram, and Uttarakhand as part of its current operations.

In Power Supply

A government project in Madhya Pradesh has attracted more than $575 million in private investment, making it India's largest single-site solar project. Solar power has been proven successful enough in Madhya Pradesh that the same project will be scaled up to 1500 MW in 2021. By 31 December 2021, India has an installed capacity of 393.389 GW on its national grid, making it the world's third-biggest producer of electricity. In India, 37% of the total installed power is generated by renewable sources, including large hydroelectric plants. Investments in renewable energy are being increased by the government.

In Defence Sector

With a strength of over 14 lakh active personnel, India has one of the world's largest military forces. It has the largest volunteer military force in the world with more than 51 lakh members. Indian military budget for the fiscal year 2021 totals Rs 4.78 lakh crore, ranking third in the world after the US and China. Indian defence imports are second only to those made by Saudi Arabia, accounting for 9.2% of all global arms imports. 80% of the Indian defence industry is owned by the government. To reduce imports and enhance domestic manufacture, India has a new policy on defence acquisition, manufacturing, and procurement. Nuclear and missile programs are also being pursued aggressively by India, strengthening its defence capabilities as well.

Conclusion

India is progressing by leaps and bounds in every sector such as Education, Health, Power Supply, Defence and so on. An underdeveloped nation like India is now viewed as a potential future economic power. The country is one of the few countries in the World to have successfully achieved considerable economic growth.