150 Reasons For India’s Reverse Growth Trajectory 50 Actionable Solutions To India's Economic Nightmare

In this article, you will learn the following

A.24 Broad Reasons [150+ specific ones] Responsible for India's Reverse Growth Story - a few snapshots from the current situation

B.12 Pointers to the most Pathetic and chillingly scary situation of employment in India

C.The golden age of stupidity in India

D.Reverse Technology Advancement for India

E.How systematically this regime is targeting the middle-income & LOW-INCOME group TO RUIN THEIR CHANCES OF SAVINGS & INCREASING THEIR QUALITY OF LIFE

F.The ruling regime's manipulations of economic and other data

G.What the Bureaucrats and Politicians are doing to kill the Top-notch Institutions and elsewhere they are in charge

H.Common man facing Massive Ever decreasing Reduction in their Purchasing, Spending & Saving Power

I.27 samples of massive scams, frauds, and loot and encouraging criminal elements and religious fanatism

J.Massive corruption unleashed by the cohorts of ministers, bureaucrats, and greedy big business houses Corruptions, Scams, Frauds, Open-Looting

K.Dismal Foreign Direct Investment FDI scenario for India – the Right FDI promotes job creations

L.Very Seriously Unhealthy Public Debt, GDP & Fiscal-Deficit ratio H. Frighteningly Skewed TRADE Deficit

M.Unrealistic Figures Painted about the Market Size based on Indian Population/Demographics

N.What ails the Indian judicial system

O.Pathetically poor condition of education in India

P.What Ails IITs/IIMs

Q.The Media has sold itself to Tyranny - World Freedom Index India 159th position -and shamefully lags behind countries

R.Looming water crisis - India is in for a massive water crisis + Climate Change + Fuel Import Impact of Economy

S.50 Long-term action plan to propel India toward becoming a real Superpower in Education, Economics, Technology, and Environmental

How India can become a Financial Economic Educational Superpower Why it is on a reverse growth How can India ensure sustainable economic growth

Any country, if it really wants to become an economically advanced nation or an economic superpower – needs to ensure a significant increase in the per capita income of its all-inclusive population – along with improvement in several other key parameters.

Per capita income is certainly a more accurate and better reflection of a country's total well-being and actual growth -because it uses many relevant data - like - the average income per person, the population size, wealth distribution, and access to infrastructure, healthcare, and education, etc.

GDP alone is not a very effective way to measure and diagnose a country's economic health.

Especially in a country like India – where major wealth and income inequality exists and is increasing day by day -due to crony capitalism being practiced currently.

In India – 1% of the population controls almost 70% of the wealth with almost 60% living below the poverty line.

You might have heard - the chest-thumping claims made by the current ruling politicians about India becoming a certain trillion-dollar economy by a certain year.

Please note that - this advancement in the GDP will happen based on the demographics of India and will happen automatically irrespective of who is in power.

Multiple alarm bells are ringing across India's economy, signaling a deep-seated crisis transcending the surface-level macroeconomic indicators.

Gini coefficient, the economists' measure of inequality -it is over 0.65 and among the highest in the world for India.

The savings/GDP ratio has been in a declining trend.

India does not have any major advantage in global trade. It is a market of 150-200 million middle class with a thin upper crust of uber-rich. It might be the fifth largest economy and could soon become the third largest - but 800 million out of 14000 million, are dependent on free rations, and only 2.8% of the population earns enough to pay income tax.

For the last few years something rather strange is happening in the Indian economy - the private sector despite profusely praising the Current  Ruling Regime - is shying away from investing in new projects or the expansion of existing capacity. 

The Indian economy seems to be more supply-side driven by government spending which is the real reason behind the increasing GDP data. 

The truth is that even if it becomes the third largest economy, as claimed - chiefly on borrowings to fund government spending- it will still need to tackle rising economic inequality. This mirage of growth is only for about 150-200 million of the total population of India.

What happens when the government keeps borrowing to spend? As of the end of March 2024, India's debt-to-GDP ratio stands at approximately 83%, according to estimates from the International Monetary Fund (IMF) - The government debt is projected to reach 87.5% of GDP by the end of 2024.

The rising debt-to-GDP ratio increases the liability of interest payment obligations. It would lead to larger portions of government revenue being allocated to interest payments - affecting and reducing the most essential public spending on infrastructure, education, and health.

Then overreliance on government spending to stimulate growth is not sustainable in the long term - If private investment does not pick up, the economy may face stagnation AND India's investment rate has seen fluctuations, dropping from 36% in 2007 to 27% in 2019. 

A high debt-to-GDP ratio limits the government's ability to respond to economic crises or invest in long-term growth initiatives. 

Disclaimer

1. Please understand that as I have taken data from multiple sources [almost all from authentic and fact-checked different sources] - so the figures may have slight variance - depending on which source you are referring to.

2. I have tried to be as exhaustive and as inclusive – I found it an exercise of opening the proverbial can of worms – because writing on What Ails India Today - and going deeper into any major issue leads to an exponentially large number of points - therefore, I finalized the article on what I could write till the deadline of my article.

3. The numbers given in INR Crores are the one I got from the sources & are Correct as it was in the sources BUT conversion into USD was done by me and hence could have some inaccuracy

25 Broad Reasons [150+ specific ones] Responsible for India's Reverse Growth Story - a few snapshots from the current situation

1. 12 Pointers to the most Pathetic and chillingly scary situation of employment in India

i. Most frightening part of the Indian economy is - a staggering 103.4 million of India's 371 million youth - or 1 in 3 - fall under the NEET (Not in Education, Employment, or Training) category.

ii. In India the economy is growing with factory-less growth and hence jobless growth – with major business groups investing heavily in Services such as retail and distribution instead of manufacturing.

iii. The ILO has already warned that Indian demographic advantage may soon turn into a demographic disaster – unless planned, structured, focused actions are taken on a war footing.

iv. Massive and very fast-growing inequality of wealth, health, and education – along with High and increasing unemployment – are leading to erosion of purchasing power - because no jobs mean no money to buy commodities even those which are basic and hence very feeble push-demand.

v. The unemployment rate among those aged 15-29 years stood at 18.7% in February 2024 - from the 15.4% rate seen last year

vi. Women account for a shocking 84.9 million, or 82%, of the total NEET (Not in Education, Employment, or Training) category population – which is because of the deep-rooted social and cultural barriers – that make women – underprivileged AND keep the majority out of the workforce. AND if women in any country are not doing well - the entire country will get pulled down – which is happening

vii. Quality of jobs among those who are employed also paints a very sad picture – In the formal sector, the number of jobs has increased from 14% to 20% only in the whole of last decade.

viii. Jobs in the Informal & Unorganized sectors take the major role of providing a means of livelihood to millions of people - These informal jobs most of the time – LACK – regular payments, benefits, stability, learning, skilling, and growth opportunities

ix. Economic employment elasticity of growth too has declined sharply - from 0.26 between 2000-2012 to a mere 0.001 by 2019 [because almost all the economic growth is happening to a few crony capitalists]

x. Many educated youths are unemployed and frustrated -In 2022, the share of educated youth among the total unemployed population reached an alarming 65.7%. – because of this white-collar and online crimes, scams, and frauds are increasing – because they are struggling to find meaningful work and employment.

xi. The online gambling market is expected to grow at a rate of about 8.59% annually from 2023 to 2027, with the number of users potentially reaching approximately 12.17 million by 2027 – this is also because people want easy money and want to become rich – A déjà vu to massive lottery scam in the 90s

xii. White-collar crime – especially cyber-crimes is on the increase because of so many unemployed youths

xiii. Even the Students who have passed out from premier institutions take about three years to become functional – because most of them might not be job-fit and are oblivious to the present market requirement, the industrial standards and regulations, etc.

2. The golden age of stupidity in India

i. Where - Mob-Cracy, Moron-Cracy, Idiot-Cracy – prevails

ii. Giving One example out of millions [you will find if you look around] – In one propaganda PR – one Psycho is flying a drone with a Wifi-Router and two [supposedly] educated people are clapping with pride and awe.

iii. Religious beliefs from mythology have become more important than Science and proven scientific theories, methods, processes, and concepts are either laughed at or ignored

iv. AND almost all people of this creed think building temples is an economic activity and seemingly don't have any need for education, employment better life-style etc., etc.

v. Any Baba and GODmen and Religious Guru's stupid statements – are taken as fantastic intelligence and pearls of wisdom – India has plenty of them

3. Reverse Technology Advancement – please read the Blog "139 Hacks How to Leapfrog Your Business & Career with Tech & Biz-Models That Disrupt" – to learn about India's reverse leapfrogging story

i. Because Meritocracy and talent are struggling – In India, we can never have Elon Musk or Bill Gates or Steve Jobs or Googles – having organizations like TSMC of Taiwan – is too difficult even to imagine

ii. India has so far not invented anything that a large mass is using

iii. India has become an economy – that either uses what others invent OR services others on what has been invented elsewhere.

iv. No major incremental invention whatsoever of significance has happened – in the military, health, technology, business ideas, education – if you take the case of the LCA Project [light combat aircraft] it has taken more than three decades.

v. In contrast - American companies - Lockheed Martin, Apple, Microsoft, Google, Facebook, Qualcomm, Intel, Nvidia, Cisco, AMD, General Dynamics, Raytheon, Boeing, Northrop Grumman, and General Atomics, etc. - invest in trillions of dollars in cutting edge research

vi. In India during a time of massive investment boom in the Edu-tech sector – the result was - BYJUS, Vedantu, Unacademy – IF THIS IS WHAT IS THE BEST RESULT -do you think we can build products that will dominate the global market anytime SOON with the current situation

vii. The government is trying to lure investments with huge subsidies in sectors like Semiconductors, drones, etc. -but they are buying lemons – as the technology bought is last decades – read my blog on technology leapfrogging.

viii. Even 1% of GDP is not spent on research and development in the country – but billions spent on COW-Dung and Cow-urine uses – the public is clapping and banging the plate in real amusement and awe.

ix. What we claim as Indian made – the reality is that most of them are– imported as completely knockdown kits OR CKD – and are assembled in India to give a made-in-India tag

x. Traders buy and sell foreign goods and around 60%+ GST is coming from the sale of imported goods – so that tells you the true picture of manufacturing and industry and technology prospects – which in turn is directly linked with the creation of jobs

xi. And if you see the case of China -China has made tremendous strides in STEM, sports, innovation, and technology, and some of its universities like Tsinghua, Peking, Zhejiang - feature regularly along with top US colleges, like Harvard, Stanford, and MIT – in the globally accepted metrics such as research output, academics, etc. Moreover, Chinese universities comprise more than 50% of accepted papers in top research conferences on advanced topics such as deep learning and robotics

4. The ruling regime's manipulations of economic and other data

i.The current regime is brazenly and blatantly manipulating India's economic data by Massively Inflating India's GDP Figures to manufacture and project an image of an economy that is the most booming in the world with the biggest lies and false narrative of rapid growth – although the realities and exactly opposite – India is into massive reverse growth path.

ii. They are talking about India becoming a $5 trillion economy in the coming years. How they are doing it – in its first major attempt it changed the base year and methodology for calculating GDP to magically push up the growth rate by 2 percentage points to show India as the "world's fastest-growing major economy" overnight.

iii. Breaking down of all the regulatory institutions in judiciary and police – fully to make them worse than a puppet [puppet dances at the whims of its masters – these monsters in order to please their master act proactively

iv. The phenomenal rise of Crony-capitalism, Kangaroo-court, Banana-Republic and Tyranny-governance

v. Complete lack of transparency – the real data is either forged, fudged, and or manufactured AND suppressed

vi. Using grandstanding and projection to avoid tackling the real issues

vii. Focusing on creating a fanatical and radical environment – by making youth [who should be studying] get into mobs, rallies, and violence

viii. Policies that vest all the power with the ruling class AND with criminals being encouraged, revered, and worshipped – growth happening for only the favored ones. The Rich are becoming richer and the gap between the poor and the rich is becoming bigger & and bigger

ix. Absolute power in the hands of a few – who are putting the country into debt – by recklessly funding activities that promote their agendas AND ignoring the most important issues – job creation, creating proper educational infrastructure, solving social issues, and creating policies where institutions are stronger and basics of people need is met – in health, social-welfare in old age and proper education

x. Lack of focus on using the science and experts in any field

xi. Lack of accountability in using the funds – giving freebies to the corporates - who are looting the public with impunity and have demonstrated intent to cheat and defraud

x. RBI dividends of almost 750 thousand crores or 100 thousand million USD in the last 10 years went into the government coffers and from there to cronies

5. What the Bureaucrats and Politicians are doing to kill the Top-notch Institutions and elsewhere they are in charge

i. The bureaucrats of HRD ministry do the ass-backward process - of enrolling students first, then slowly hiring a director, then worrying about curricula, and then planning a campus

ii. Almost all bureaucrats are looking for an extension and posting to powerful posting and also other financial benefits – have become pro-active facilitators of this regime – who have proven themselves as ANTI [– people, women, growth, education, poverty-removal, equality, meritocracy, country] policies

iii. They also HELP the crony capitalist by creating policies and conditions to make the normally functioning Public Sector Undertaking or PSU, unprofitable and then offer these to them at a pittance to their favorites] – THESE CRONY CAPITALISTS then obtain loans from the government banks AND siphon the amount to their personal wealth and then going on milking till it becomes NPAs [non-performing assets] + THEN HELP ANOTHER FRIEND BUY THE ASSETS AT SAY 1/10 OF THE MARKET VALUE ALSO THROUGH BANK LOANS [that is why we have sick industries & obscenely rich and greedy businessmen] – later this nexus also help them escape when their efforts to protect them fail iv. This nexus also helps – fraudsters, scammers, rapists, looters and other heinous criminals escape comfortably abroad to safe heavens

III. ALL THESE LOAN THEN ARE WRITTEN OFF - banks wrote off Rs 14.56 lakh crore in corporate loans between 2014-15 and 2022-23, OR ALMOST 90%

6. 27 samples of massive scams, frauds, and loot and encouraging criminal elements and religious fanatism - How the regime is conceptualizing, triggering, supporting, initiating, facilitating - [the following is just a minuscule sample from thousands such serious criminal activities came out in the light – thousands & maybe even hundreds of thousands such major ones are hidden] - FEW EXAMPLES

i. Electoral Bonds Scam - a saga of Corruption, Criminality, and Crony capitalism combined with unprecedented scales [although larger ones might be hidden and become known later] - This bond gave these corporates and businesses blanket rights to do anything - as the government is looking esewhere[most of which are unethical] - out of many one such examples is of Pharmacetucital companies whose faulty products killed and seriously harmed people especially in Africa - No inquiry is ever done

ii. Under the camera invalidating candidature in Mayor election - complete disregard for democratic processes & if we go by the current EC's all-out open support of you know who AND opposing all those who question

iii. One friendly Ayurvedic organization was allowed to fraud Indians during Covid through their criminally motivated ads

iv. Most corrupt of corrupts were accepted and welcomed in their regime and were given a clean chit

v. Rapists and criminals are given election tickets and worshipped

vi. Broken down of all the regulatory, judicial, law & order institutions and use it to suppress all those who are not with them

vii. Before the vaccine aftereffects became public there was a face in the certificates which was removed immediately afterwards ALTHOUGH even in North Korea you may not find that type of FACE everywhere

viii. State-sponsored and state-supported planned destruction of the union states – to give their crony friends a chance to rip that state in every way AND also to radicalize the social fabric

ix. Cow vigilante mobs & other religiously fanatic mobs are allowed to kill people and are generally protected

x. All big-time criminals are protected xi. Big infrastructure scams including at religious sides

xii. Suppressing protest by the Olympic Medal Winner women of India who made all of us PROUD when they protested AND the molesters were facilitated

xiii. One crony friend without any background was offered a military aircraft building contract AND another one was given an Institution of national importance xiv. Another crony friend who defaulted, got richer even times his previous wealth during lockdown AND had solid irregularities YET given clean chit and protected had billions of

xv. 150 MPs suspended and passed bills without discussion – many of these bills will compromise the safety, privacy, wealth and security not only of Indians but also of India as a country

xvi. Ensured an ass-licking media – the destruction of all the earlier independent regulatory institutions

xvii. Made judiciary its puppet

xviii. All the cases of national importance are simply lying in the backbench AND investigations in the major money laundering cases that came to light or were exposed got stopped BUT for their supporters LIKE ONE Most Toxic Media person was given a Mid-Night hearing by the APEX Court WHEREAS thousands are languishing on the made charges without any pieces of evidence for years - Many of these people's fault - questioning the wrongs and bringing out in the open the truth.

xix. Thanks to all these actions - the Human Development Index (134 of 193), Per Capita Income ( 131), Global Hunger Index ( 107 out of 121), World Press Freedom Index ( 161 out of 180), Gender Disparity Index ( 127 out of 146), Environmental Performance Index ( 180 out of 180). It is a dismal story of failure and incompetence

xx. NGOs made crippled and think-tanks, Amnesty International, etc. hounded

xxi. A harebrained scheme makes a mockery of building a strong skilled defense manpower

xxii. Changing science & history – without any rhyme or reason

xxiii. Making people rot in prisons on trumped-up charges even without trials

xxiv. Avoiding the truth about Chinese incursion but focusing on another country that is not

xxv. Bulldozing literally without any cause

xxvi. Creating very anti-people & anti-country events to promote their ideologies

xxvii. Using public money for promoting their RW ideology and own politics as well as their own political party xxviii. Chest thumping on buying decades-old technology on a massive premium

XXVIII. THE EC - FOR THE 1ST TIME IN ITS HISTORY IS TRYING TO ENSURE THAT THE CURRENT REGIME WINS - by allowing types of coercion, manipulation, suppression, oppression AND GIVING FREE HANDS TO ITS MASTERS AND GOON ELEMENTS

7. Massive corruption unleashed by the cohorts of ministers, bureaucrats, and greedy big business houses Corruptions Scams, Frauds, Open-Looting –– few examples

i. For building a 1-kilometer road 280Crores or 33Million USD ii. Cleaning river 20000Crores or two hundred ninety-six million [nothing has happened but the money is paid]

iii. Massive loot in one of the most revered religious places and scam in the current religious place

iv. Absolutely no accountability for things gone wrong by the crony capitalist who got these businesses as a favor or at the cost of public exchequers – like the Uttarakhand tunnel collapse again being built by crony capitalists ALONG with many such bridges, roads built and repaired within months

v. Massive inaugurations spending massive money BUT Nothing concrete happens on the ground zero- over 1,100 government investment projects were dropped in 2022-23, signaling the real trend of reduced public spending

vi. Indian Air Force and many Ministries were used for the private pre-wedding ceremony of big crony capitalist

Vii. THERE IS A CRONY-CARE FUND COMPLETELY OPAQUE AND WAS STARTED AS IF WAS GENUINE AND LEGITIMATE - BUT IT HAPPENED TO BE A PRIVATE FUND JUST TO SERVICE THE CRONY CAPITALISTS - THE PUBLIC [many of them with the intent to help the underprivileged] ALSO CONTRIBUTED A LOT TO THIS FUND

8. How systematically this regime is targeting the middle-income & LOW-INCOME groups TO RUIN THEIR CHANCES OF SAVINGS & INCREASING THEIR QUALITY OF LIFE - many of whom had come out of the poverty line through savings

i. One of the things they changed is the charges of pre-mature closers in the Post Office Deposit schemes - they increased the penalty for premature-closer of deposits 4% - whereas the banks charge 1% - Post office deposits are maintained only by poor and lower middle class

ii. Another thing that they did is to remove the tax advantage on home loans - making the home loan payment through earning more expensive

iii. The tax structure is such that the low-earning people end up paying most of the taxes -contrary to the popular narrative that only a handful of Indians pay taxes, the latest Oxfam report - SURVIVAL OF THE RICHEST INDIA STORY - has an entirely different take on the issue. The report shows how the poorest 50% of the population is paying most of the indirect taxes or consumption-related taxes. According to the report, a little less than two-thirds (64.3%) of the total GST is coming from the bottom 50% of the population, one-third from the middle 40% and only 3-4% percent from the richest 10% of the country.

IV. Lower household financial savings -The net financial savings of the household is the difference between its gross financial savings and borrowing. The gross financial savings of a household is at 12% - which shows the naked truth why India is so high on poverty index

GO FIGURE WHY THE GAP BETWEEN RICH & POOR INCREASING SO FAST AND SO WIDE

9. Pathetically poor condition of education in India

Many of the following points are common for basic school education to university and the top institutions in India - India's education system faces many challenges, including:
I. 40% of the population is illiterate, and 70% of rural individuals aged 15 and above have not completed secondary education
II. 29% of children drop out before completing primary school, and 43% before upper primary school
III. Lack of Access to education -Many rural and underprivileged communities lack access to quality education
IV. Quality of Teachers – only those who are passionate and go for self-improvement at their own cost might be adding value to their students BUT 90% are in poor quality faculty AND/OR are there as they did not get any other options OR are in Government schools for ease of working and facilities
V. Massive Teacher shortages all across – from pre-schools to universities including the top institutions of India
VI. Lack of resources -There are shortages of books, basic facilities, and public funds to cover education costs
VII. Education is expensive, and many cannot afford it
VIII. Child labor is a statutory offense that contributes to the worsening situation
IX. Poor infrastructure: Classrooms are overcrowded, laboratories are insufficient, and libraries are poorly stocked
X. Faculty shortages: The state educational system can't attract and retain qualified teachers
XI. Outdated curriculum: 90% of universities and higher education institutions have outdated curriculums
XII. Low research output: There's inadequate focus on research and limited resources and faculty to advise students
XIII. Low global university rankings: India's higher education quality is poor compared to other developing nations
XIV. Unequal learning outcomes: The system emphasizes rote learning instead of cognitive skills and practical learning
XV. GER (Gross Enrolment Ratio) in India of youth who are enrolled in Higher Education is around 24% - developed countries have a GER upwards of 80%. China's GER was half of India's in 1960 – now it is almost 3 times.
XVI. Only 24% of our fresh graduates have 'employability' skills. And these are charitable figures.

10. What Ails IITs/IIMs
i. The collective worth of a chain of supposedly premier institutes has been reduced to the performance in the entrance exams like JEE, CAT & NEET [which are probably some of the toughest in the world] – What the pass-outs end up achieving is mainly through their personal talents and other factors – YES they get a very high launch-pad because of the reputation of these institutes
ii. After nearly 75 years since inception, IITs have yet to come out with one single - Nobel, Fields Medal, Turing Prize, or Abel Prize. The same goes for AIIMS and IIMs -An interesting contrast is - that Nobel laureate Venkat Ramakrishnan who shared the 2009 Nobel Prize in Chemistry – initially was not able to crack either the IIT entrance or the medical entrance tests
iii. IIMs - Not a single great management theory invented here and practiced globally
iv. Most alumni look for jobs in the MNCs in India & abroad – but shun the manufacturing jobs
v. Most of the institutes are turning out graduates – who are not job-ready – The top institutions are churning out students who are focused on getting a great package in a corporate environment where they don't have to go to the shop floor and dirty their hands – this year the placement story in the Top IITs is a horror story
vi. You will find that nowadays the Directors of these institutions who are replacing the existing ones are those - whose major strengths are having radical backgrounds and attitudes. You have a case of one IIT Director talking about – eating non-veg as being the cause of cloudbursts, massive landslide,s and misery for the people of one state

vii. The current malaise in the IIT s/IIMs/and in the institutions of national importance - is largely because of know-towing directors who allow the 3rd-rate bureaucrats of no expertise to dictate policy to them. Most of the new directors or VC-level appointees are not there because of their being highly eligible BUT because they support unscientific and irrational things to stay popular with the bureaucracy and political leadership for their next posting. Their role during the pandemic generally was unimaginative at the most charitable, to bordering on criminally negligent (if one takes a harsh look at their decisions).

11. What ails the Indian judicial system
i. The government is the biggest litigator in India – who drags the courts down by overcrowding – there should be a different system of handling this almost time and money-wasting AND AT TIMES INTENDED TO DO JUST THAT
ii. Courts sit on cases of national importance PLUS where people are languishing in prison on cooked-up charges without any evidence for years BUT the APEX court of the country opens up in the Mid-night for a good-for-nothing media man
iii. Then there are frivolous PIL filers – who on behalf of the ruling regime file cases to clog it further
iv. As of October 2023, India has over five crore pending cases, but only 20,580 judges working in the Supreme Court, high courts, and district courts
v. Lack of diversity: The judiciary lacks diversity
vi. Lack of infrastructure: Judges and litigants lack adequate infrastructure
vii. Sub-optimal working conditions: Court staff have sub-optimal working conditions
viii. Other issues with the Indian judicial system include:
ix. Lengthy court proceedings
x. Inadequate resources
xi. High backlog of cases
xii. Corruption and biases
xiii. Inadequate access to legal services
xiv. Overworked and underfunded courts
xv. Low budgetary allocation
xvi. Limited technological integration
xvii. Inadequate facilities

12. Unrealistic Figures Painted about the Market Size based on Indian Population/Demographics

i. Irrespective of what some so-called experts claim - that India has a huge market because of its being the most populated country in the world – Please understand that the real market size is only between 150-170 million or 15-17 crores -out of the total population of 1400 million or 140 Crores – simply because the rest of the people just can't spend money to buy anything.

13. Dismal Foreign Direct Investment FDI scenario for India – the Right FDI promotes job creations

i. The FDI scenario in the current situation is very dismal and weak. FDI has one of the best potentials of creating a large number of jobs. FDI scenario, which is commonly categorized as horizontal, vertical, or conglomerate – does not look bright at all – because of the difficulty in doing business in India [don't get carried away by the propaganda of ease of doing business]– YES the level playing field exists and is skewed in favor of maybe two or three crony capitalists of India.

ii. Most factors given in this article make India a less attractive business proposition for big-ticket private investment

iii. On the other hand FIIs & FPIs – because of a bubble in the Indian stock Market [again the creation of crony capitalists] – invest and pull out lots of money - without doing anything to the Indian Economy

iv. FDI inflows in the current financial year (2023-24) have reached the lowest level in 16 years, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT)

v. India's share in global FDI inflows has also declined, from 3.4% in 2019 to just 2.7% in 2022, indicating that foreign companies are increasingly choosing other countries for their investments

vi.  In 2024, a total foreign investment of Rs 1600 crore [or 186 million USD] came from foreign investors whereas last year the foreign investment of Rs 1 lakh seventy-one thousand crores came [or 17 billion USD] i.e. about 99% less.

vii.  In 2024, foreign investors have withdrawn approximately Rs 1 lakh 21 thousand crore [ or 14 billion USD] from the Indian markets

14. Very Seriously Unhealthy Public Debt, GDP & Fiscal-Deficit ratio

I. As of September 2023, India's external debt was $635 billion. The external debt to GDP ratio was 18.61% at the end of September 2023. India's public debt-to-GDP ratio is around 85%. A high fiscal deficit can make it harder for a government to manage its public debt. High debt levels can also increase borrowing costs and the risk of a fiscal crisis – which is approaching fast by the current trends.

II. India's external debt rose to $711.8 billion- an increase of nearly $75 billion in the last year -and an increase of $29.6 billion in the last quarter alone

III. The ratio of foreign debt to GDP has increased to 19.4%, which was 18.8% in June 2024.

15. Frighteningly Skewed TRADE Deficit

i. As a result of the factors mentioned in this article – India has become an economy that is majorly supply-led and not demand-driven – and is powered by massive public spending based on huge debt and weak private consumption -private consumption growth is languishing at a mere 3%

ii. China went for extensive investments in government spending to build mega infrastructure - in its growth push. However, China also focused on becoming the world's largest manufacturing and export leader. There is nothing wrong with government spending on infrastructure, but it also has to push to achieve a positive trade balance of more exports vis a vis imports. India on the other hand is largely a domestic economy driven – India's widening trade deficit shows that despite a weak currency its exports are declining, and imports are increasing – Imports stand at $677.24 billion in FY24 & Exports at $437 billion – which translate into a trade deficit of around $240 billion.

16. Continuous Slide of Indian Currency about US Dollars

i.  In December 30th 2024 the 1 USD = 85.61 – a weakening currency makes imports more expensive, which is leading to increased inflation AND makes it very tough for Indian companies to compete in the global market, as their products become more expensive for foreign buyers

17. Common man facing Massive Ever decreasing Reduction in their Purchasing, Spending & Saving Power [taken the following 6 points from the Internet]

I. Stock Market Exuberance and Gambling- The stock market exuberance, driven by investments in small and mid-cap stocks, is largely fueled by small investors betting and gambling with their savings, often through unadvised investments in volatile stocks.

ii. According to the Ministry of Finance, households added net financial assets of Rs 22.8 lakh crore in FY21, Rs 17 lakh crore in FY22, and Rs 13.8 lakh crore in FY23, indicating a falling trend in the quantum of savings.

iii. The Securities and Exchange Board of India (SEBI) has expressed concerns about the "froth" or bubble in the small and mid-cap stocks, warning about the influx of first-time investors falling for the advice of social media influencers.

iv. Desperation and fragility of the poor are reflected in their increasing reliance on unsecured loans and the mushrooming of loan apps, which pose significant risks to the financial system

v.  According to the Reserve Bank of India (RBI), unsecured loans, which are often taken for survival, are still growing at strong double-digit rates, despite the central bank's efforts to clamp down on such lending

vi. The private sector's reluctance to invest is a direct result of the dire state of income levels, as the lack of demand is a major obstacle to private investment

18. The Apathy of most Indians towards what ails India and what they can do meaningfully – they have started ignoring the attitude and practically using the proverb "If you do not mind it does not matter"

19. The Media which has sold itself to Tyranny

I. World Freedom Index India 159th position -and shamefully lags behind countries like Turkey, Pakistan, and Sri Lanka, which are ranked at 158, 152, and 150, respectively

20. Increasing Fossil Fuel Import & its Impact on the Economy

i. India's reliance on imported fossil fuels, particularly oil and gas, is also contributing to the economic crisis -the Wholesale Price Index (WPI) for fuel and power increased by 18.1% in February 2024.

21. Climate change

I. The Country is experiencing more frequent and intense heatwaves – which is directly impacting our major source of employment and livelihood which is agriculture.

II. Hotter Summers - Increased temperatures will exacerbate evaporation rates, reduce soil moisture, and strain existing water supplies. Regions already experiencing water stress will see these pressures intensify

III. Patchy Rains: Climate models predict that rainfall will become more erratic. Some regions will face prolonged dry spells, while others might experience intense, short-duration rainfall leading to floods

IV.  India is also experiencing more frequent and severe floods -3,241 flood events in the last decade, resulting in a total economic loss of over USD 100 billion.

22. Looming water crisis - India is in for a massive water crisis

I. In most of the country the groundwater levels have reached almost unusable both because of levels as well as chemical toxicity [which are not in the flood zone and water-rich stage]

II. According to the Food and Agriculture Organization (FAO), agriculture accounts for 70% of global freshwater withdrawals. Crop yields are highly sensitive to water availability. For instance, droughts in India in 2016 led to a significant decline in crop production

III. Energy Production: Water is crucial for cooling in thermal power plants and for hydroelectric generation. The International Energy Agency (IEA) estimates that water withdrawals for energy production could increase by 20% by 2040

IV. Industrial Use: Industries such as textiles, pharmaceuticals, and electronics are heavily water-dependent. A study by the World Resources Institute (WRI) indicates that by 2030, global water demand could outstrip supply by 40%

V. India faces severe water stress, with per capita water availability dropping from 5,177 cubic meters in 1951 to 1,545 cubic meters in 2011 - data not available beyond year this BUT it has worsened to make India one of the worst water-scarce countries in the world

VI. Major north Indian rivers originate in the Tibetan pleatue. This is a critical geopolitical risk as Chins can choke off our water sources. The Galwan Valley is a conflict hotspot as India and China battle for access to the pristine sources of glacial water that's so critical for semiconductor manufacturing

23. Geopolitical Tension with Neighbors

I. India's geopolitical tensions and ongoing border disputes with neighboring countries, particularly Pakistan and China – forcing huge military spending - further straining the country's finances reaching a total of around USD 100 billion.

24. List of 22 Articles you must read to understand what ails India and is stopping its growth– in Success Unlimited Mantra Website's Blog Section

i.Why Politicians and Bureaucrats use Grandstanding How to Detect and Deal with Grandstanders
ii.50 Ways to Protect Yourself Against Misinformation Why & Who Spread Fake News
iii.60 Ways How to Form Unbiased Decisions and Opinions by Critical & Objective Thinking
iv.36 Types Of Thinking Traps 39 Tips How to Break Out Of Your Thinking Traps
v.64 Signs of energy vampires 58 Ways to deal with people who drain you
vi.8 Tips How to Recognize and Deal with Jerks and Assholes Effectively
vii.45 Tips How to Stop being Hypocrite & 67 Examples of hypocrisy
viii. How Leaders Use Whataboutery to Shift Blame
ix.46 ways people project their insecurities and how to stop projecting your insecurities
x.40 Tips How to Stop Being Defensive Why We Become Defensive
xi.42 Statements to say no to anyone diplomatically
xii. How to identify and deal with fake people in your life
xiii.95 Signs behaviors and traits of fake people
xiv.70 Tips dealing effectively with bullies
xv.60 tips to recognize scammer fraudsters and cons
xvi.100 signs of evil Toxic poisonous People how to handle them
xvii. How to Deal with Manipulative People
xviii. Read People Like a Pro with 120 Expert Hacks 52 Body Language
xix. Decoding Tips 31 Questions to Unmask Hidden Intentions
xx. How to stop feeling like a victim
xxi. Getting a toxic person out of your life
xxii. Dealing with emotionally insecure people
xxiii. Recognize 31 Critical Thinking Fallacies to Be a Genius 38 Tips to Avoid GETTING CONNED

What should be done as an immediate priority?

India is already late in many areas – BUT NOWHERE the intent to address any of these is visible.

The crisis facing India's economy is significant, but not insurmountable – but the current government seems to be intent on pushing a religious agenda rather than an economic one.

I have listed a few MOST IMPORTANT and most essential ones.

I also know that – it is a far cry and not likely to happen– because of the lack of intent, focus, and nexus of politicians/bureaucrats/Media/ Judiciary.

50 Long-term action plan to propel India toward becoming a real Economic, Technology, and Environmental Superpower

1. Finding long-term – effective solutions to the 24 Broad Reasons[150+ specific ones] Responsible for India's Reverse Growth Story [given above]
2. The government needs to create a balance in their spending focused on long- and medium-term benefits instead of instant gratification and popularity.
3. The industry giants - the Ambanis, Adanis, Tatas, Birlas, Goenkas, and Godrej – need to fund substantially the research labs at the top-notch institutions in India and also in their internal R&D universities in research
4. Enforcing meritocracy – in education, for recruitment, for promotion and for prioritization
5. Letting go of reservations and quotas – the people who need these – can be handhold, mentored, coached and guided to bring their competence levels up – instead of encouraging the incompetent and giving unfair treatment to the talented and deserving
6. Creating applied research labs – for all the major issues faced by India -if you take the case of Top IITs[the original ones only] or the IIMs [again the original ones] along with other so-called Institutions of National Importance – YOU WILL FIND – we have some basic problems which exists since ages BUT not a single institution has created sustainable and practical solutions
7.Creating School/College/University partnership – with businesses/ industries/research institutions and hospitals etc. – making the student learn as per their interest
8.Creating initiatives to equip everyone with the right skills – to make them job-ready and future-proof – example - India might have only 1500-2000 AI trained & skilled professionals [against maybe the need at the current state of – say 500K to 800K ] equipped with the right AI skills to build and develop AI tools, platforms and apps - for future use
9.Why focus on AI & it's all Avatars– because elsewhere in the developed nations – these are being successfully used in non-tech areas like Marketing & HR
10.Creating systems like China & Singapore – for real-time Single-window clearance and making it Ease of Doing Business [if you don't go by Indian Bought Media and see how China, Cambodia, Vietnam, Sri Lanka, and even Bangladesh promote business AND why their per capita income is far above Indians – then you will understand my points
11.Understand the difference between Nationalism and Patriotism – ditch nationalism completely - WHY– patriotism helps the country grow - whereas the nationalists kill everything through Grandstanding, Whataboutery, Projection, and silencing the people who questions
12.Finding Solutions to water crisis immediately involving all research centers and top institutions EVEN taking help from global best practiced nations who reversed this
13.Creating through research - CROPS WHICH needs less water and can grow in arid conditions and also which are resistant to massive climate changes as well as various diseases
14.Creating Sustainable Pollutions measures [not EV type HYPE [as India neither has the raw material for current technology batteries for long-range NOR it has environmentally friendly scientific methods to dispose the highly polluting
15.Creating awareness among the masses through education – about why and how to keep rivers clean, plant tress and follow personal hygiene – and how the current interpretation of these in religious terms making them the most polluted in the world
16.Focus on developing great teachers – who not only themselves have practical knowledge but also create curiosity and learning desires among students
17. Abolition of reservation on any ground – instead we need to create an eco-system of handholding and mentoring the weak students
18.Making education, health & transport – free – in lieu of the taxes taken
19.Ensuring that the rich businesses are not able to siphon loan taken from the banks to their own BY making the industries sick and banks bankrupt and looting the public & national wealth
20. Ensuring that the tax structures are transparent and stay stable to encourage FDIs
21. Ensuring transparent data publication
22. Ensuring all regulatory institutions are completely independent and not under the control of politicians
23.Ensure that the Judges cannot use their personal political/leanings to impact the judgement
24. Investing in sustainable renewable energy – which is environmentally friendly to reduce the country's reliance on imported fossil fuels
25. Improving infrastructure to mitigate the impacts of climate change, and increasing investment in education and training to address the joblessness crisis.
26. Addressing the country's geopolitical tensions, particularly with neighboring countries, to reduce military spending and free up resources for other areas of the economy
27. To take steps to strengthen the Indian rupee
28. Investing in skilling, entrepreneurship, and labor-intensive manufacturing by attracting the FDI
29.  Addressing gender inequality barriers
30.Creating quality jobs in the formal sector are also crucial.
31. Finding ways to ensure - MERITOCRACY, Transparency and Accountability
32. Strong regulatory bodies & Institutions AND Independent bodies supervising these bodies to ensure that these institutions are never eroded
33. Very transparent Judicial process & judges
34. Creating sustainable jobs
35. Tackling pollution and other environmental issues
36. On war footing identifying solutions for India's massive water crisis
37. Creating a Singapore-type bidding process – to eliminate corruption
38. Creating full accountability for the contractor with strict and heavy penalties WITH a GUARANTEE of their work
39.Independent law & order
40. Fully repatriable profits for foreign firms and repatriable income for foreigners
41.Criteria of education, values and criminal background free for all the Politicians
42.Removing power of sanctioning and using money from one person – only a bench of people to do that
43. Creating the most advanced army equipped with the latest technology manufactured under license from the global best
44.Making army free from political interference
45. Making the tenure of politicians fixed
46.  Complete stoppage of new construction of religious places
47. Creating an eco-system of education, health and social welfare for those who can't do it themselves -in lieu of taxes collected
48. Decentralized and empowered institutions
49.Right now, the Indian population age-wise is most conducive for contribution to Economy BUT this factor will become reverse in say next 30 years – AND now itself the traditional retirement age is no longer a finish line?-It has become a starting point -Need to develop multiple skills, and multiple ways of earning money multiple careers in our lifetime. The traditional view of winding down in your 50s and 60s is making way for a new career exploration phase.
50.In the school especially from the formative years – everyone has to be taught the following – sample list
i.Basic home repair
ii. Cyberbullying
iii. Taxes
iv. Time management
v.Value of Money and Managing Personal Finance
vi.Relationship values -Learning about how to spot manipulative and abusive behavior, the importance of sexual consent and understanding sexuality in general would really help people improve their relationships for life.
vii.Sharing and Expressing in an safe space to talk honestly and openly about their different experiences and feelings
viii. Basic repairs
ix. First aid
x.Communications skills
xi. Mindfulness to develop skills for concentration and impulse control
xii.Learning to relax through the right mediation, breathing skills
xiii. Life skills
xiv.Survival skills
xv. Self-defense skills
xvi.Physical fitness and mental and emotional wellbeing
xvii.Stress management skills, symptoms of depression and addiction, and just learning how to have frank and open conversations about how our mental state is could only be a good thing.
xviii.Sustainable living learning how to live sustainably
xix.Educating youth about climate change stats and causes, how to enjoy an eco-friendly lifestyle by eating local, seasonal food and eco-friendly products can go a long way.
xx.Human rights Learning about refugee rights, conflict solving situations, and looking at examples of case studies will help teens to develop empathy and a desire to help bring about change for good
xxi.Applied maths -Learning how to use maths in an invention you've created, such as having to calculate the correct angle or speed that a cog in a clock needs to turn,
xxii.Learning about different cultures, race and gender theories, social classes and how politics and society mix
xxiii.Basics of healthy eating, how to cook on a budget, awareness and understanding of eating disorders and general food knowledge and skills.

#Indiaeconomicslowdownreasons, #Indiadevelopmentchallenges, #Indiaemploymentcrisis, #Indiaeducationsystemproblems, #Indiaforeigndirectinvestmentstagnation, #Indiaforeigndirectinvestmentchallenges, #indiasuperpowerdreams, #Indiaeconomicsolutions, #FDIimpactonIndiajobcreation, #reasonsforIndiareversegroth, #scaryemploymentsituationinIndia, #Indiagoldenageofstupidity, #unhelthyGDPFiscalDeficit&PublicDebt, #negativetradedeficit, #riseofcorruptIndia, #whyscamsfraudscrimesarerisinginIndia, #howpoliticianshelpingcronycapitalists, #howBureaucratsfacilitatingnegativesituation, #pooreducationsysteminIndia

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