Can India become a $5 trillion economy by 2024?
At present India is facing an economic slowdown. In the April-June quarter, India's GDP growth rate was just 5.7%. To become a $5 trillion economy, at least 8% GDP growth rate is needed.
Crisis in the Automobile Industry
The government should bring scrappage policy by giving incentives to buy new vehicles in exchange for old vehicles. This will help the automobile industry to a great extent and also will help the government in its goal of phasing out fuel-based vehicles and replacing them with electric vehicles.
Disaster Management in India
Disaster response mechanism has improved a lot in India. For example, Super Cyclone in 1999 killed more than 10,000 people in Odisha, whereas Cyclone Phailin in 2013 took less than 40 lives.
Zero Budget Natural Farming
In the 2019's Union Budget, Finance Minister Nirmala Sitharaman announced that the Indian government will promote 'Zero Budget Natural Farming', as a part of its efforts towards doubling the farmers' income by 2022.
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How can India become a superpower?
India is still dependent on agriculture and tax collection for the most part of its revenue. We definitely have missed out the golden opportunity of opening our markets after the cold war era.