India's Economic Challenges: A Personal Perspective
As I reflect on India's current economic landscape, I find myself grappling with a mix of concern and curiosity. The challenges facing the nation seem multifaceted, ranging from stagnant manufacturing growth to an alarming unemployment rate among the youth. I believe the "Make in India" initiative was launched with great promise, aiming to transform India into a global manufacturing hub. However, as I see it today, this vision remains largely unfulfilled. Despite ambitious slogans, India struggles to emerge as a significant player in global manufacturing. Our economy contributes around 8% to the global GDP, and we have yet to produce world-class products that can rival brands like Microsoft or LG. The lack of research-driven innovation and dependence on imported technologies have stifled our progress. This sluggishness in manufacturing is evident in the reduced sales of vehicles, tractors, and consumer goods—a clear indicator of declining economic activity. On the other h...
