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Over the last several years, India appears to have made significant progress and has left plenty to be inspired by throughout the world. But we still have a lot of room for improvement and can learn a great deal from other countries. India has the opportunity to learn from the experiences and perspectives of its neighbouring countries like China and Bhutan. Things like good legislation and timeliness are still lacking in India, which has resulted in unfortunate events that may have been prevented.
Things India can learn from other countries
Drought management
Drought-prone regions of India should establish proactive drought management strategies and implement them on a state or local level, which can be learned from other regions of the globe.
Some well-known drought management plans in India have been written down in the past. However, they were not implemented since they were not produced via the proper consultation processes.
Increase the effectiveness of government
India would struggle to educate its inhabitants, create its infrastructure, raise agricultural output, and guarantee that the rewards of economic progress are well established if it does not improve its governance, delivery systems, and execution methods. India can learn from Singapore and the Scandinavian countries about effective governance.
Increase the level of educational accomplishment
Raising India’s educational prowess is a significant prerequisite for the country to realise its full potential, and this is one of the major elements to consider. It is necessary to make a significant effort to improve basic education. Many efforts, such as the extension of Pratham and the introduction of Teach First, should be undertaken.
Emphasis on modern universities
A more detailed strategy for increasing the number and efficiency of premier institutions should be the priority of the Narendra Modi government. The majority of academic institutes, industry professionals, students, and their parents feel that allowing foreign educational institutions to establish independent campuses in India will bring about the much-desired change in Indian education that has been long overdue. According to media reports, Niti Aayog, the government’s policy think-tank, has approved a proposal to allow foreign institutions to establish autonomous campuses in the nation. The bill has also received backing from the Prime Minister’s Office.
Inflation must be kept under control
India did not have unusually high inflation in recent years, but it is presently undergoing an increase in inflation comparable to that experienced by several other emerging markets. To help India control inflation and provide affordable living, the official adoption of Inflation targeting strategies would be wise.
Preparing an effective fiscal policy
India should implement a more credible fiscal policy plan. When fiscal policy is not properly maintained, it is difficult to achieve low and steady inflation. It would be beneficial to set certain ‘rules’ for expenditures over some time.
Increase trading with your neighbours
China, for example, is significantly more “open” than India when it comes to foreign commerce and investment. Trade with China, Pakistan, and Bangladesh should be prioritised because of India’s proximity to these nations with large populations.
Increase the productivity of agricultural production
For India, agriculture, particularly in these times of rising commodity prices, should represent tremendous potential. Better detailed and defined strategies for raising agricultural output are required, and India may be able to benefit from the worldwide hunger for higher-quality food caused by the BRIC countries’ rise in economic power.
Infrastructure should be improved
The country’s obsession with infrastructure is renowned, and there are several stories of misfortune. Any foreign business visitor will be aware that improvements are being made, but the need for even greater progress is imperative. The development will be severely hampered in the absence of such advancements. India should also be wary of China’s behaviour towards its neighbours, like providing them loans for infrastructure, which is harmful in the long run.
Improve the overall quality of the environment
There is an urgent need for more changes in the field of the environment. Energy efficiency improvements and improvements in the cleanliness of energy and water consumption would raise the possibility of India achieving a more sustainable and stronger economic path in the long run.
Increase the speed with which the Indian judicial system operates
Many cases have accumulated and have been unduly dragged out for years based on a “lack of proof.” This needs to be addressed on an urgent basis. After all, justice delayed is justice denied.
Waste management
India is one of the world’s most overpopulated countries, with over 1.2 billion people. Consequently, we may safely conclude that the amount of home and industrial garbage created must be enormous. As a result, we must continue investigating various methods for handling these waste materials more efficiently to avoid any negative consequences.
Conclusion
India has come a long way from the country it was in 1947. India has experienced growth in many sectors and achieved self-sufficiency in food security, healthcare, and other areas. But there are still many areas where India can learn from its neighbours. Education, trade, environment, and economy need serious policy changes.
The Indian government is concentrating its efforts on changes that will help to revitalise the Indian economy. The primary goal must be to improve the output of growth while not compromising on the required measures. Changes that have a more beneficial impact on the lives of ordinary people are urgently required.
