Friday, October 23, 2020

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.