9 Milestones That Shaped Indian Economy Post Independence

Trillion dollar Economy: The last 25 years India has had the best story on economic growth. The countries per capita income as of early 2014 was that it would rise by 10.4 percent. This makes India’s standing in the 140’s by the reports of IMF and World Bank based on per capita income.

The jump witnessed over the years is remarkable. True that there is a long way to go but India is on the right path at the moment.

FDI Floods India: India has always been the best subcontinent country for FDI inflow by outside economies. India recently opened up its FDI limitations to a huge margin (raised to 49 percent) thus allowing more inflow. India being the third largest economy in the world is the preferred destination and many countries have started pouring in more investment into the country.

The new government has made flexible FDI and industrial reform policies, which is already experiencing growth in a shirt span of time.

Tackling Poverty: The slogan ‘garibi hatao’ which was echoed through the corridors parliament in New Delhi was heard through the country. Is India free of this evil? No! But substantial recommendations and reforms are being taken to check this.

India is slowly improving with the new poverty line being 32 in the village and 47 in urban cities as of July 2014. India has started various programs that are implemented to check the level of poverty.

Employment schemes: For India to see compete all round development, employment is the start. The MGNREGA and the NREGA schemes implemented at different years were adopted solely to bring employment for the poor, women and youths of the country.

These schemes still prevail and exist today, giving and creating many jobs for all people. Welfare societies and child development programs have also been started to bring education and make it available to all children.

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