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India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grandmother of tradition..!India 2.0 ReclaimingTryst with DestinyPresented By:Siddhika BhandariPeeyush HardikarShiwangi Bakore

"Tryst with Destiny" was a speech delivered byJawaharlal Nehru, the first Prime Ministerof independentIndia, to theIndian Constituent Assemblyin The Parliament, on the eve ofIndia's Independence, towards midnight on 14 August 1947.

India is the tenth largest economy in the world in terms of GDP.

After independence, the Indian economy was more like a socialist economy: democratic, large public sectors and heavy regulations on private sectors.

Economists predict that the Indian economy will be the third largest by 2025, after the USA and China.

But for achieving the prediction there are some things to be resolve.Knowing Facts

For knowing Incredible India, lets do SWOT analysis..!

Strength S1 DemocracyS2 Demographic DividendS3 Skilled WorkforceS4 High Growth of EconomyS5 Natural ResourcesS6 Strong Purchasing PowerS7 3rd Largest Indian armed forceWeaknessW1 IlliteracyW2 UnemploymentW3 Lack of InfrastructureW4 Lack of TechnologyW5 Low ProductivityW6 PovertyW7 Red TapismW8 Low level of AwarenessOpportunityO1 GlobalizationO2 e-CommerceO3 ModernizationO4 Abundance of Natural ResourcesO5 Growing EconomyO6 Huge Domestic MarketO7 High level of Investment in IT / Engineering SectorO8 High Investment in InfrastructureO9 Increase in AwarenessThreatsT1 Competition at Global LevelT2 InflationT3 BureaucracyT4 TerrorismT5 Population ExplosionT6 Corruption

Agriculture in India employees 50% of the population, though agriculture shares 18.5% of GDP, it makes India self reliant in terms of food supply.

The youth of India constitutes a huge workforce which is again a very important factor.

Vast IndustrialPresencein both Public and Private Sectors.

Avail of Low-cost, Skilled Human Resources.

Increasing investment in real assets (Capacity Expanding), Inflow ofFDI (Foreign Direct Investment) across Industrial sector.Strengths

Demographic Dividend

Literacy rate is very low, and thus illiterates are easily exploitable.

A large part of Indias population is still below poverty line.

Presence of Vast Industrial sickness.

Inadequate and poor quality infrastructure cost and time delays.

Unawareness regards Quality-Standardization.

Absence of greater technology impetus.Weakness

Employment by Sector

Balance of Payment

OpportunityProper implementation of policies for rural development as most of the population resides in rural India.

Growing number of overseas investment and acquisition by Indian Firms.

Growing Competition of Indian industry due to focus on efficiency and quality.

Tourism industry must be taken in count as it will help raise our foreign reserves and employment opportunities.

Growing recognition of Made inIndia brand in global market.

Corruption, Ignorance & Complacency.

Terrorism.

Rising inflation, hording, black marketing.

Heavy competition in manufacturing field from developed countries.

Power crises and the virtuous growth cycling manufacturing sector.Threats

TOWS AnalysisTOWS AnalysisStrengthWeaknessOpportunitiesS-OHaving strong PPP, high level investment can be done in Infrastructure & IT/ Engineering Sector (S7, O7).Having large skilled labour can help in globalization & e-Commerce (S3, O1, O2).Having Demographic dividend, skilled workforce can help in Modernization & Domestic market on large scale (S2,S3,O3,O6)W-OGlobalization, Modernization & e-Commerce can reduce the percentage of Unemployment & Increase the infrastructural Growth(W2,W3,O1,O2,O3).Abundance of Natural resources & high level investment can increase the rate of productivity & decrease the poverty rate (W5,O4,O7).Higher the literacy rate, higher the awareness ( O1, O8, W8).ThreatsS-TAbundance of Natural resources, skilled workforce makes India strong competitor (T1, S2, S3, S4, S5).Having the 3rd largest Indian armed force, terrorism activities can be reduced (S7, T4 ).W-TLagging behind globally because lack of technology ( W3, T1).Bureaucracy leads to corruption ( W5, T4).Population explosion leads to poverty, illiteracy, unemployment ( W9, T6).Red-Tapism leads to corruption which obstruct us to develop (W7, T6).

As TOWS analysis shows the area in which India has to recover. If India follow this analysis, results are before you in the form of:

Make In India Made In India.Mars Orbiter Mission Technological Growth.Yamuna Express Highway Infrastructural GrowthMumbai Metro Line Infrastructural & Technological GrowthWind Power Project Production Growth and many more.

Indian Economy is Robust in Nature. The prediction of economists will give us a better tomorrow.

Conclusion

Any Query..?

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