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India’s remarkable growth over the last decade (2010-2023)

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Introduction

India, the world’s largest democracy and a land of cultural diversity, has witnessed significant growth and transformation over the past decade. The period from 2010 to 2020 marked a crucial phase in India’s history, characterized by remarkable progress in various spheres.

This article explores India’s growth trajectory by examining key aspects such as the political landscape, geopolitical situation, armed forces and national security, organizations, and laws. By delving into these areas, we gain a comprehensive understanding of the nation’s development and achievements.

Political Landscape

The political landscape of India witnessed dynamic changes during the last decade. In 2014, the Bharatiya Janata Party (BJP) formed a majority government under the leadership of Narendra Modi. The government’s ambitious agenda focused on economic reforms, infrastructure development, and social welfare programs.

Initiatives such as the Goods and Services Tax (GST), Digital India, and Make in India aimed to stimulate economic growth, improve governance, and enhance India’s global competitiveness. These policies propelled India’s economy forward and opened doors to new opportunities for both domestic and international investors.

Geopolitical Situation

India’s geopolitical significance grew substantially in the last decade. As the world’s fastest-growing major economy, India emerged as a key player in international relations. The nation forged strategic partnerships with countries around the globe, including the United States, Japan, and various nations in Europe and Southeast Asia. These alliances paved the way for increased trade, investment, and technology transfers. Additionally, India’s active participation in international organizations such as the United Nations and BRICS (Brazil, Russia, India, China, South Africa) showcased its rising influence on global platforms.

Armed Forces and National Security

India’s armed forces made significant strides in enhancing national security during the last decade. The country continued to modernize its defense capabilities by investing in indigenous defense production, acquiring advanced weapon systems, and strengthening military cooperation with friendly nations. Additionally, initiatives like “Make in India” encouraged domestic manufacturing of defense equipment, fostering self-reliance and reducing dependence on imports. The successful implementation of these strategies bolstered India’s defense preparedness and demonstrated its commitment to safeguarding its borders and national interests.

Organizations within India

India is home to several prominent organizations that played a pivotal role in the nation’s growth over the past decade. The Indian Space Research Organization (ISRO) achieved remarkable milestones, including the successful Mars Orbiter Mission and Chandrayaan-2, establishing India as a leading player in space exploration. Furthermore, the Reserve Bank of India (RBI) effectively managed the country’s monetary policies, ensuring stability and resilience in the face of global economic challenges. The Indian Council of Medical Research (ICMR) played a crucial role in healthcare research and pandemic management, particularly during the COVID-19 crisis, showcasing India’s scientific capabilities.

Laws in India

The last decade witnessed significant legal reforms in India, aimed at ensuring justice, equality, and the protection of citizens’ rights. Landmark judgments by the Supreme Court of India paved the way for progressive social change. The decriminalization of homosexuality, the recognition of the transgender community’s rights, and the abolition of triple talaq (a form of instant divorce) were significant milestones in promoting inclusivity and gender equality. Additionally, the introduction of the Insolvency and Bankruptcy Code (IBC) streamlined debt resolution and bolstered investor confidence, fostering a favorable business environment.

Digital revolution and technology enhancement

India has been experiencing a digital revolution over the past decade. The government has launched several initiatives to promote digitalization and technology enhancement in the country. One such initiative is Digital Bharat, which aims to provide digital infrastructure and services to all citizens of India. The initiative includes several programs such as Digital India, Make in India, and Skill India.

The Unified Payments Interface (UPI) is another initiative that has revolutionized the way people make payments in India. UPI is a real-time payment system that allows users to transfer money between bank accounts instantly using their mobile phones. It was launched by the National Payments Corporation of India (NPCI) in 2016.

e-RUPI is another digital payment system launched by the Indian government in 2021. It is a cashless and contactless payment system that allows users to make payments for various services without the need for a physical card or bank account.

The National Payments Corporation of India (NPCI) is a not-for-profit organization that was set up by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) in 2008. NPCI is responsible for managing several payment systems in India, including UPI, RuPay, and BHIM.

Total Transactions via UPI

According to the National Payments Corporation of India (NPCI), which operates UPI, 5.04 billion transactions were processed on the platform until March 29, 2022, amounting to Rs 8.88 lakh crore. In October 2022 alone, UPI led to nearly 7.3 billion transactions. We will be expecting more and more transactions via UPI in future due to its reliability and convenience. 

Aatmanirbhar bharat Abhiyan (Self-Reliant India)

One notable initiative that emerged during the last decade in India was the Aatmanirbhar Bharat (Self-Reliant India) campaign and the Made in India project. Launched in 2020, the Aatmanirbhar Bharat initiative aimed to promote self-reliance and reduce dependence on imports across various sectors of the economy. It encouraged domestic production, innovation, and entrepreneurship, emphasizing the development and promotion of indigenous industries and products.

The Made in India project, an integral part of this initiative, sought to boost manufacturing capabilities and promote Indian goods both domestically and globally. These initiatives fostered a renewed sense of pride and confidence in Indian industries, facilitating economic growth, job creation, and positioning India as a self-reliant and globally competitive nation.

Conclusion

India’s growth over the last decade showcases its determination to emerge as a global powerhouse. The nation’s political landscape witnessed transformative reforms, while its geopolitical influence expanded significantly. The armed forces and national security apparatus were strengthened, ensuring the protection of Indian interests. Remarkable progress was achieved through organizations like ISRO, RBI, and ICMR, elevating India’s status in space exploration, monetary policies, and healthcare research. Legal reforms brought about positive social change, advancing equality and justice.

As India continues its journey into the future, it faces challenges and opportunities that will shape its growth further. Sustaining the momentum of economic reforms, investing in human capital, and addressing social inequalities will be crucial in building an inclusive and prosperous India. By leveraging its strengths, embracing innovation, and promoting global cooperation, India has the potential to become a beacon of progress and an inspiration to nations worldwide.

Please note:

As a conscientious citizen of India, it is my moral and fundamental duty to inform all readers of this article that there may be inaccuracies in certain maps of India available on platforms like Google Maps. These inaccuracies pertain to the depiction of territories that are illegally occupied by Pakistan, commonly referred to as Pakistan Occupied Kashmir (PoK), and certain regions in the state of Arunachal Pradesh in the eastern part of India, which China claims as its own territory.

To ensure the accuracy of the map of India you are using, it is advisable to refer to reliable and authoritative sources. The official website of the Survey of India, https://indiamaps.gov.in/, can be used as a trustworthy resource for verifying the correctness of the map. It provides up-to-date and accurate information on the territorial boundaries of India.

As responsible individuals, it is essential to use accurate and legally accepted maps of India to maintain the integrity of national boundaries and to respect the sovereign claims of the country. By utilizing reliable sources, we contribute to the dissemination of accurate information and support the preservation of India’s territorial integrity.

Use map: https://www.surveyofindia.gov.in/documents/polmap-eng-11012021.jpg (From official Governemtn of India Website)

Special Comments: Article 1 of Indian constitution defines name of Country. INDIA AND BHARAT are the official names of the country.

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