INDIA is now fourth biggest economy but what's next ?

India surpassed Japan and became the fourth largest economy. That's great news for many, but for me, my thoughts haven't changed. Instead, it gives hope and food for thought about the future for myself and my nation.

So, even if tomorrow India becomes the world's largest economy, it really doesn't matter to me because, in terms of per capita income rankings, we will be somewhere around 90. That's the benefit of a large population; even a small increase in per capita income drastically increases the economy. Let's assume that will be around ₹5 lakhs per annum. Still, we will struggle again, thanks to the large population. The cost of commodities will be higher, inflation will increase, luxury will be very hard to get, and also remember, disparities will still be higher, thanks to the rich-poor disparity and the young working population being exploited. So, that means on paper, the per capita will be ₹5 lakhs, but it will be even less. So, what's the solution? Let's again assume India's focus on manufacturing, entrepreneurship, infrastructure, and research and development will give significant employment opportunities in the next 10 years. So, what's next after building good roads, trains, and buildings? That will be education and healthcare. We don't just need a new syllabus; we need affordable education and healthcare. There is a ₹5 lakh health insurance for BPL holders; that's just for the sustainability of the poor, and still, the middle class, as you may have heard, is one health crisis away from an economic crisis. Good education is necessary for a skilled workforce. Currently, there are a lot of institutions, but good ones are pretty few, and most sell seats based on fancy brochures without substance. So, we need to invest a lot in education infrastructure. It's not just buildings but a syllabus that will prepare us not only for today but tomorrow, while current courses still teach knowledge of yesterday. I believe a few of these things will happen in the next 20 years or so if the government is working towards it. Where even if the per capita is less compared to global standards, we will still not be burdened.