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On August 15, 1947, India gained independence. By that time, many countries had advanced significantly economically, socially, and politically in society. Countries such as Japan and the United States built ports, which increased trade. Their economy grew stronger, and they were classified as developed countries. India endured many hardships while climbing the progressive countries’ ladder and moving toward the goal of becoming a developed country. But there’s a challenge! Despite 75 years of independence, India has yet to reach the League of Developed nations. Let us go over these reasons one by one. We will also take a look at the recent developments in India.
Why has India yet to reach the League of Developed Nations?
India is classified as a developing country for the following reasons:
Population:
Given that India is the world’s second-most populous country, it is reasonable to assume that it is also playing an important role in the world’s largest economies. Due to the country’s large population, many bills are proposed in the Indian Parliament that do not reach every corner of the country. Growth is possible in such circumstances, but it will be slow. The majority of government services are spent on population control. Diseases and epidemics are on the rise as a result of the high population, making proper treatment impossible in this situation. Perhaps some circumstances become a hindrance to the country’s progress.
Some of the reasons why India is yet to reach in the League of Developed Nations:
- Hunger and starvation
- Lack of proper goods distribution
- Health & hygiene issues
- Social strata divisions
Per Capita GDP:
According to the IMF’s World Economic Outlook (WEO) report, India’s per capita GDP was estimated to drop by 10.3% in 2020. Bangladesh was predicted to grow at a 4% faster rate than this. Even though India has risen from 11th to 6th place in the world economy, it is necessary to reflect on this subject; if per capita GDP does not rise, the economy will stagnate.
Lack of Education or illiteracy:
Due to the low literacy rate, the pace of development slows down in India. At present, the biggest universities in the country have not been able to compete with leading international countries’ institutions. Technology, research and development have been encouraged by the establishment of IIT institutions, but this is mostly restricted to only one sector. Due to a lack of progression across several educational institutions, India is still counted in the category of progressive countries. According to the 2011 census, the level of education has reached 74.04%, but the majority of the population is still illiterate.
At the moment, India has a young population with a growing illiteracy problem. As a result, many campaigns have been launched to deal with illiteracy:
- Beti Padhao Beti Bachao (2015)
- Infrastructure Development Scheme in Minority Institutions (IDMI)
- Sarva Shiksha Abhiyan (SSA)
- Incentive and Reward Schemes
- Renovation of schools and colleges for better education. etc.
Despite this, there is a need to address illiteracy at the grassroots level.
Poverty & corruption In India:
Poverty is a barrier to India’s development. The Government of India reported in 2012 that approximately 21.9% of India’s population is poor. Poverty harms the country’s economy. The question arises as to why, after many years of progress, India has not been able to eradicate poverty.
Corruption has played a major role in driving poverty. According to the Corruption Perceptions Index 2021, India is ranked 85th out of 180 countries. Corruption causes various schemes that are in the best interests of the country to fail. New inventions, resources, and education are all impacted.
Human development & innovation:
Human development, not just GDP, is essential for developed countries. According to the Human Development Report (2014), India ranks 135th out of 187 countries, indicating a lack of development. According to HDI, India is a medium-developing country. At the same time, India’s economy can primarily benefit from new innovations, for which institutions such as Defense Research and Development were established. Unfortunately, only 0.7% (2018-19)of India’s GDP is spent on R&D.
Conclusion:
All of these aspects are impediments to the country’s development, and a resolution is required. The government is working on these issues. Recent developments in India show that while India’s development pace is slow, it is being corrected. That’s why India is yet to be a developed state.
