Economy, Business and Technology blogs
The economy is the mother of all businesses and all businesses are part of the overall economy. Technology helps business and economy grow. As a tech Company Vardhaman Infotech focuses on technology blogs. However, writing blogs on the economy cannot be ignored. To say more, the Indian economy is growing at a fast pace and technology has a notable contribution. We know that technology cannot be flourished with a booming economy.
Please read these very important economy blogs that will give an insight on economy, business, and technology. Snippets of the blogs are provided herewith with "Read More" tags and links to blog posts.
 |
| Top 10 economies in the world |
Economy blog 1
Modi 2.0 has cleared its agenda to drive India to a $5 trillion economy in coming 5 years that is by 2024. Technology, digitization, and modernization shall have a great role in pulling up the economy to $5 trillion levels. Certainly, there will be a great role of IT in this economic pull-up. Additionally, BJP election manifesto 2019 focuses on a $ 10 trillion economy by 2032. At present, India is an economy of about $ 2.6 trillion. So, it needs to about doubling its economy within 5 years and quadruple by the next eight years. Presently, only the US and China are in $10 trillion club. In addition, Japan, the only country, has $5 trillion in GDP.
India has shown great results in the economic front in the last decades. However, it is far behind China in GDP growth. In fact, only China had been doing better than India in the economic front and GDP growth. Now, India is number one in growth rate beating China. Modi 2.0 has not only to maintain the growth rate but also to accelerate it at least 2 to 3 percent. Again information technology has to play a great role in this acceleration besides other measures. Read More
Driving India to a $5 Trillion and $10 Trillion Economy: Modernization and Digitization
Economy blog 2
India is aiming to a $ 5 trillion GDP nation within the coming five years. Narendra Modi and his ministers have categorically told this before the Loksabha election 2019 and reaffirmed this on June 10. In a meeting with top 100 bureaucrats including all departmental secretaries, Prime Minister Narendra Modi cleared his intention to drive India to a $5 trillion economy. India has to learn from the past experiences of several developed nations like the US, China, Japan, Germany, and Israel to achieve its target of $5 trillion GDP.
Piyush Goyal, the then finance minister of India, in his interim budget speech, has declared the goal to achieve it by 2024. In addition, he had a target of $ 10 billion GDP by 2032, the next eight years. BJP election manifesto has also supported the idea and documented a policy draft and road map for the same. Again, Prime Minister’s meeting with top bureaucrats on June 10, in the presence of his senior colleagues Amit Shah, Union Home Minister, Rajnath Singh, Union Defence Minister, N Sitaraman, Finance Minister and Jitendra Singh, PMO emphasized on the goal to drive India to a $5 trillion economy.
Vardhaman Infotech, a tech company, congratulates the PM and his cabinet for taking such decision to raise GDP India to $5 trillion! We wish the realization of the same and pledge to contribute our best. Read More
What can India learn from the US, China, and Japan to raise its GDP to $5 Trillion?
India needs world-class companies and modern infrastructure to drive it to $5 trillion economies in the next five years. Focus on creating world-class corporations is a must to achieve the goal. No doubt, India has been achieving a fantastic growth rate of about seven percent for the last 20 or 25 years. This is the only major economy to do so besides China. India has crossed a long way in the last 25 years octupling its GDP from 333 billion in 1994 to about 2.8 trillion or 2800 billion in 2918-19. Some of the world-class companies have contributed a lot to achieve this GDP levels.
Big corporations account for billions of dollars’ turnover. Hence, these companies contribute significantly to GDP data of a country. The scene is no different in India and several big and world-class companies are driving India to a $5 Trillion Economy. However, Indian companies are much smaller in size compared to the US, China or Japan. Reliance Industries, the number one company in India has ranked 57 in the world according to the Forbes list. Only a few other companies could manage their place in Global 500. Looking into the scenario, India has to put many efforts to increase the number of these world-class big companies and also to increase their sizes. Also, a World-Class Infrastructure is required to support these industries. A holistic approach can drive India to a $5 trillion economy. Read More
World-Class Companies and Infrastructure to drive India to a $5 Trillion Economy
Make in India is not only a slogan of Narendra Modi, Prime Minister of India but an appeal with a commitment. He and his government are emphasizing on this slogan wholeheartedly. Obviously, this is an opportunity for all. Whether you are an investor, a manufacturer, a businessman, a scientist, a professional, a thinker or even a job seeker you can find an opportunity in this worldwide campaign.
India is a fast growing nation and built its capacity in service sectors. It has proven its capabilities in Information Technologies globally. Moreover, the US, the EU countries and even the Gulf countries love to outsource their mobile applications and eCommerce development works to Indian IT companies. The reason behind is the quality work at an affordable price much cheaper than the global standards. However, India is lagging far behind in the manufacturing sector. China has more than 22 percent share in the international business and the US has slightly over 17 percent. However, India has only a 2 percent share in manufacturing in global trade. The manufacturing sector contributes only 15 percent to Indian GDP in comparison to 56 percent of the service sector. The country is the only major economy without a strong manufacturing base. Rightly, the "Make in India" campaign aims to increase it to 25 percent of GDP. Read More
Make in India, Made in India, Make for India- Opportunities for All
India needs world-class companies and modern infrastructure to drive it to $5 trillion economies in the next five years. Focus on creating world-class corporations is a must to achieve the goal. No doubt, India has been achieving a fantastic growth rate of about seven percent for the last 20 or 25 years. This is the only major economy to do so besides China. India has crossed a long way in the last 25 years octupling its GDP from 333 billion in 1994 to about 2.8 trillion or 2800 billion in 2918-19. Some of the world-class companies have contributed a lot to achieve this GDP levels.
Big corporations account for billions of dollars’ turnover. Hence, these companies contribute significantly to GDP data of a country. The scene is no different in India and several big and world-class companies are driving India to a $5 Trillion Economy. However, Indian companies are much smaller in size compared to the US, China or Japan. Reliance Industries, the number one company in India has ranked 57 in the world according to the Forbes list. Only a few other companies could manage their place in Global 500. Looking into the scenario, India has to put many efforts to increase the number of these world-class big companies and also to increase their sizes. Also, a World-Class Infrastructure is required to support these industries. A holistic approach can drive India to a $5 trillion economy. Read More
World-Class Companies and Infrastructure to drive India to a $5 Trillion Economy
Make in India is not only a slogan of Narendra Modi, Prime Minister of India but an appeal with a commitment. He and his government are emphasizing on this slogan wholeheartedly. Obviously, this is an opportunity for all. Whether you are an investor, a manufacturer, a businessman, a scientist, a professional, a thinker or even a job seeker you can find an opportunity in this worldwide campaign.
India is a fast growing nation and built its capacity in service sectors. It has proven its capabilities in Information Technologies globally. Moreover, the US, the EU countries and even the Gulf countries love to outsource their mobile applications and eCommerce development works to Indian IT companies. The reason behind is the quality work at an affordable price much cheaper than the global standards. However, India is lagging far behind in the manufacturing sector. China has more than 22 percent share in the international business and the US has slightly over 17 percent. However, India has only a 2 percent share in manufacturing in global trade. The manufacturing sector contributes only 15 percent to Indian GDP in comparison to 56 percent of the service sector. The country is the only major economy without a strong manufacturing base. Rightly, the "Make in India" campaign aims to increase it to 25 percent of GDP. Read More
Make in India, Made in India, Make for India- Opportunities for All
eCommerce and Mobile Application development
Jaipur Rajasthan, India
E-mail: info@vardhamaninfotech.com
Posts
No comments:
Post a Comment