How India Can Improve its GDP (Gross Domestic Production)?

1. Becoming self dependent. 

If country's export doesn't improves, it should control its imports. Making the best use of the available resources should be the Mantra. We should not crave for the imports, unless the country making imports shows very friendly gestures. Food Production, processing and packing should be our focus. 

2. Getting out of business based on emotions and confusions. 

There are many business which has no proper meaning in our GDP, they are just based on emotions and confusions. For example, Political parties, many Banking activity, many legal activity, many educational institutes and research stations, many newspapers, many TV programs, many film industry, many websites on Internet, many writings & many video postings on Internet, some tourism, fashions, some intimate relationship based industry, child production industry, many construction and real estate based industry, music and digital jockey industry, Religious industry, many sport industry, etc. 

3. Analysis of the economy of the country with very high GDP and the products high in demand at the International trade. 

Government policy, agro-climatic conditions, resource analysis of the countries leading in GDP and purchasing power parity should be analyzed and compared with ours. Suitable modifications after debate and discussions should be implemented. 

4. Analysis of our strengths in production, Productivity and Value addition- processing and packing 

Data analysis, SWOT (Strength Weakness, Opportunity and Threats) analysis with special reference to natural calamities should be studied. 

5. Improving transport and removing legal hurdles. 

UNO (United Nations Organizations) and WTO (World Trade Organization) along with the countries involved in trade should improve there infrastructures. 

6. Getting out of the policies like- Reservations and entertaining vote banks. 

Conflict between populations getting political benefits and those being devoid of it is not good for the economy. The population too, should try to improve there skills, knowledge capital and should grasp the global opportunities being open in this era of Internet. 

7. Taking technology like Computer, Internet, Artificial intelligence etc. in improving the productivity. 

The empowered people in administration, should adopt all new efficient technologies, without considering ego and personal selfish gains. They should not think about the people who can loose there jobs, by adoption of new efficient technologies. Sky is the limit of the available opportunities. Countries should endeavor to have many colonies beyond the planet earth. 

8. Adopting policies in favor of Repair, Reuse, Recycle, breaking and burning in waste management. 

Waste management is a big challenge. Quick and active buy back policies for all wastes coming out from a product, active Repair works so as to Reuse the product, without craving for new purchases should be followed. For the products that has zero or negative market demand, it should be broken into pieces so as to get value or should be burnt. Later we can think about a landfill beyond planet earth. 

9. Active border management. 

It is the borders that defines a country, and not its administrators! 

10. Taking care of Nature, Environment and Bio-diversity. 

Money, Economy, Power and Politics are artificially designed by humans, harnessing the policies of rulers and slaves. Even if the Humans leave this planet Earth, it will survive well and for longer days. Like Food and Agriculture, Nature, Environment and Biodiversity are fundamental requirements of our life.

Digital Money-new banking system

Significance of digital money and new banking systems are important in this difficult situation of Corona virus Pandemic. 

On seeing large queue and crowds in banks, standing for long durations to know whether they have  received the amount announced by the State and Central Governments as relief measures makes me to strongly  recommend the digital money and new banking systems. 

Many banks have given phone numbers to enquire about there bank balance and cash transactions, still why large population is not using these facilities shows some Gaps in our banking management and public's education about mobile and internet bankings. 

Once we have, amount credited to our account, at present there are many ways to spend that money through several digital transactions like use of debit cards and internet banking.Non digitally we need to withdraw cash from our bank account or use cheques to transact. 

Cheque system of transactions are good to escape from the crowds in bank, but cheques are not accepted by many kiosk banks or CSP (Consumer service points). This shows the ego based enmity between Reserve Bank, Main bank branch, Kiosk bank staffs and literate intellectuals in the unorganised sectors.

Cash and Cheque: Cash is given by the Reserve bank, it is an asset of Government and has very high liquidity and Nationalism sentiments associated with it. Cheque is an asset of the bank, is given to the account holders and its value and liquidity is based on the bank-balance of the account holder and how different banks and nearby transaction environment deals with it.
Technically there is no difference between a cash and a cheque, but sentimentally or on emotional grounds there is a vast difference between them.
To understand in better way, scientifically the blood of the president and a pauper is same, but on the basis of social hierarchy, the blood of the president is very precious or valuable, while that of the pauper has hardly any value!
Cheque bounce is a big problem associated with a low strata-literate intellectuals.

The numbers present in the cash can become an unique identity number for it, and this number can be loaded in the digital system, it can show the transaction records associated with the cash.  

In boost of digital economy, options to spend came in many forms, say, debit-credit card, internet and mobile banking, aadhar-linked payments etc. But to recharge a bank account, one needs to deposit cash or cheque in there account through a bank or a bank linked kiosk. 

Accounts can also be recharged through a credit facility and deposits made by the other party in a transaction system. 

I also feel that a resourceful intellectual of an unorganised sector should also be allowed to recharge there bank accounts through upload of the numbers on the cash through an internet or a digital system.

These numbers should be unique and should have the ability to provide digital-transaction records associated with the cash. Having QR Codes, Bar Codes, etc. can also make a cash unique and easily identifiable by a machine. 

After upload of cash in the digital system, the cash in hand will loose its physical value and needs to be crossed/marked. 

I also suggest that the unique numbers associated with a cash, uploaded in a digital system should have the ability to be downloaded and again become a cash in hand. Through the unique numbers a person will have the ability to print cash. 

Portable Digital Wallet: Like a mobile and smart phone, there should be a Digital Wallet, that can read debit and credit cards, Cash, Cheques, Numbers, and the like. All active individuals should have the knowledge about the digital money and transaction systems. They all should try to posses the Digital Wallet. 

The Digital Wallet will have Blue tooth+/Wifi (Wireless fidelity)+/RFID (Radio frequency Identifications), GPS (Global positioning system), etc. and also a mini keyboard with numbers and some alphabets. 

One Digital Wallet should have the ability to identify and show other Digital Wallets near it. One Digital Wallet should be able to transfer and receive money from the other Digital wallet. The digital wallet should have the ability to upload cash in its system through unique numbers on the cash and Cheques. 

In this system the current banking structures will partly collapse and new type of data storage and management structures will come up. 

A village can have one Data House that will record all day to day financial transactions in the village. Its Data Management facility should have the ability to quickly find the validity of a cash/cheque/Unique number on a paper.
Its technical ability should be high enough to prevent Cheque/Cash Bounce, duplication errors and other digital frauds.

In case of uploading cash in a machine, chances of using guessed unique numbers, on random basis are there. To prevent this, the other details on the cash like its date, time and place of generation can also be entered. 

Crossed cash! Though sentimentally it is not good, but even now in the society, many people use art works on the cash, and often such cash retains its value and liquidity. After uploading the cash in the machine, crossed or marked cash can be given to the banks. Such deposits on compulsory basis will increase delay in functioning. So it should be on freelance duty basis. Banks should give some credit for deposits of crossed/marked cash.

New systems can be tried in a small populated area, and there socio-economic feasibilities should be estimated, before implementing them on large scale. Any new system brings fear and chaos in a traditionalist/conservative population. But any new system brings many promising benefits too and a rationalist approach is the best. 

Earning Money: A person earns Money by "Creating value for others and receiving payments as rewards". A person often gets money through Trade, Service, Commission, Tax, Luck, Emotional attachments, enchantments (Lurements), Donations, Coercion and through Chance (Opportunities).