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India's recent economic transformation UPSC NOTE

 India's recent economic transformation and emphasizes the need for further progress in specific areas

  • In the life cycle of evolution and all of history, there are moments of transformation

  • India has seen a decade of transformation, from being under-developed to developing to now becoming the fastest growing economy in the world. 

  • India is an economic bright spot, growing consistently at 7%, while other world economies are growing at 2.5%.

  • This dramatic acceleration of pace has translated to a meaningful present and a promising future. 

  • India’s space programme has won the admiration of the world

  • The country has also balanced the fine line between renewable and non-renewable energy more skilfully than any other nation, and is ahead in terms of targets.

  • It is this buoyancy of metrics and of spirit that was evident in the Interim Budget as well. 

  • The Budget reflected the aspirations of a new India by laying out the immense opportunity ahead of us.

  • No country can afford it if its citizens fall ill.

  • That is why healthy living and preventive health are very important

  • The initiative in the Interim Budget to promote the Human Papillomavirus (HPV) vaccination among young girls, to prevent cervical cancer.

  • We can take similar steps for several types of cancers and all non-communicable diseases, and significantly reduce India’s disease burden.

  • We urge the government to consider incentivising individuals to undertake preventive health checks.

  • India has made remarkable strides in health indicators over the last four decades.

  • This is with the drop in infant mortality and maternal mortality

  • Maternal and child health care receives a comprehensive focus in the Budget, and rightfully so. 

  • If mother and child are well, women’s participation in the workforce will increase even more than it has.

  • Life expectancy has increased from 53 years to 70 years in the last four decades

  • This has been achieved with less than 2% budgetary allocation for health over the years. 

  • If this can be increased to 5%, remarkable strides can be made in achieving better population health outcomes.

  • While the Interim Budget touched upon the impact of tourism flowing from religious and iconic places and has made provision for States to promote this in a big way.

  • There is another facet of tourism that is steadily attracting more tourists and becoming a tangible reason to travel, namely health care or ‘medical value travel’. 

  • We have seen the landscape being transformed in the past decade with ‘Heal in India’ touching new heights. 

  • India’s superior talent and global standards of clinical outcomes have made India a lucrative health-care destination for the world.

  • Further, enhancing connectivity through new corridors with the railways along with more airports and air routes has the potential to help Indians in getting much easier access to quality health care.

  • Perhaps even more important than what the Budget said, were the hidden figures — private expenditure and its rise. 

  • An increase in consumption, and the underlying core theme that the private sector has risen beyond all expectations to play a meaningful role in not just the economy.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: India's recent economic transformation UPSC NOTE
India's recent economic transformation UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2024/02/indias-recent-economic-transformation.html
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