Effect of ModiNomics -India will be 3rd Largest Economy by 2026.

Effect of ModiNomics

According to UK's leading economic forecasts and analysis  Centre for Economics and Business Research

(CEBR),India to become 5th largest economy in 2025, 3rd largest by 2030.

But I think India could be 3rd largest Economy by 2026.......due Modi's Economic policy, ModiNomics-

big investment in infrastructure (NIP), Digital india, Make in India, Disinvestment, Aushman Bharat healthcare scheme, Aspirational Districts Programmes, Atmanirbhar Bharat Abhiyaan and Make in India (modi govt offers land twice Luxembourg's size to firms leaving China .India could expect 2000 MNCs manufacturing base from China to India in the next 2-3 years).

We know a study by ✔Japan Centre for Economic Research in December last year, just before the outbreak of the pandemic said India would surpass Japan to become the third largest economy by 2029.

We also know Global financial services firm ✔Morgan Stanley ,2017report  -India likely to become a $6 trillion economy in the next 10 years. India will become the third-largest economy in the world by 2027, mainly because of its efforts at digitisation.

I think india would be  Definitely 3rd largest Economy by 2026.....due Modi's Growth oriented Economic policy and reforms......I think ModiNomics =Aatmanirbhar Bharat.

ব্রিটিশ থিঙ্ক ট্যাঙ্ক সেন্টার ফর ইকনমিক্স অ্যান্ড বিজনেস রিসার্চ (CEBR)  প্রকাশিত বার্ষিক রিপোর্টে বলা হয়েছে,২০২৫ সালে ব্রিটেনকে টপকে বিশ্বের পঞ্চম বৃহত্তম অর্থনীতি হবে ভারত। আর ২০২৭ সালে জার্মানি  এবং ২০৩০ সালে জাপানকে পিছনে ফেলে ভারতের অর্থনীতি বিশ্বে তৃতীয় স্থানে উঠে আসবে। সামনে থাকবে শুধু আমেরিকা  আর চিন ।

আমি মনে করি ২০২৬ সালের মধ্যে, জাপানকে পিছনে ফেলে ভারতের অর্থনীতি বিশ্বে তৃতীয়

স্থানে উঠে আসতে পারে। কlরন  অবকাঠামো উন্নয়ন ,ডিজিটাল ইন্ডিয়া, মেক ইন  প্রকল্প ইন্ডিয়া, ডিসইনভেস্টমেন্ট, আউশমান ভারত স্বাস্থ্যসেবা প্রকল্প,  জেলাগুলি কর্মসূচি, আত্মনির্ভর ভারত অভিযান প্রকল্পের জন্য .

 

Farmers Income Directly Depends on Landholding Size.

Farmers Income Directly  Depends on Landholding Size.

Rs 6426,national monthly income of an  Agricultural Households ....very poor condition.

#West Bengal Agricultural Households income only Rs 3980 per month,While Bihar Rs 3558, Rajasthan 7350, Punjab Rs 18059....West Bengal is the largest food grain producing state in India.

I have lots of questions in my mind🤔 ??? Specially on #West Bengal Agriculture.

I think structural reforms require in West Bengal......we know 96% farmers are small and marginal farmers in West Bengal.....average landholding size  0.5 Hectare  (1.9 Bigha) .... while Rajasthan 1.9 Hectare (7.22 Bigha) and  Punjab 4 Hectare (15 Bigha).

I think farmers income directly depends on landholding size.....and Bengal's landholding size 0.5 Ha (1.9 bigha)....while national average 1.16 Ha (4.5 bigha).

we know 70% population of West Bengal  depends on agriculture for their livelihood....no alternative source of income.That's why bengal's farmers income (Rs 3980 /month) below the national average(Rs 6426/month).

West Bengal needs alternative source of income....West Bengal needs big investment, Industry,Trade and large scale recruitment in government sector.

Effect of ModiNomics:India’s FX Reserves can touch USD 1trillion mark in next 5yrs.

Another Big Achievement of Modi Government. On June 5, 2020 First time in country’s  history india's FX Reserves cross Half Trillion Dollar Mark....and On  4 December 2020,it crossed USD 580 Billion Mark. 

FOREX RESERVES ⏫

✔March 2004 - March 2014-

India's Forex reserves increased a total $197 billion (from $107Bn to $304 Bn).

✔ 2014-4DEC 2020-

Under Modi Govt (2014-4Dec 2020) total  Forex Reserves increases approx $276 billion (From $304Bn-$580Bn).

I think end of  March 2025 India's Forex Reserves could hit $1tn Mark.✔Due to Make in India ,Atmanirbhar Bharath and vocal for local campaign.

India needs to focus on Agriculture sector ,India can save/earn $30 -40 billion foreign currency,per annum from Edible oil ,soybean and Medicinal plants.

✔Agriran sector can contribute $30-$40 billion Foreign Exchange per annum. 

(1)India imported 15 million tonnes Edible oil,at a cost of $10 billion Foreign Exchange....india should increase edible oil production.india can save $10 billion Foreign currency annually.

(2)We know Global soybean market approx $200 billion...but India's share in global soybean market negligible almost zero  .... top soybean export countries US,Brazil, Argentina and China. 

(3)The total world herbal trade is currently $120 billion... India's contribution

 very poor,herbs export worth was $330 Million in 2017-18,though India is a Agriculture based country.

We know  USA top agricultural exporter around $150 billion, 2nd Brazil  $110 billion while india only $30 billion. 

India needs to focus on agricultural export.....i think  Edible oil, soybean and Medicinal plants can contribute additional $30 billion FX currency per annum. 

A new india is emerging under Modi Govt. India will overtake China by 2040.

india will overtake China by  2040.

✔A new India is emerging under Modi Government. 

✔6 Saad Bemisaal  Modi Government. 

Indian Economy size ⏫

Today, India’s economy is $3 trillion..it took 67 years 1947-2014 to become $ 2trillion and took only 5 years  to become $ 3 trillion...... Modi govt plans to meet its $5-trillion economy target by 2024.

Healthcare ⏫

Indian's healthcare facilities improved under PM Modi.Modi Govt has taken several initiatives,since 2014  ,45% increase in the number of medical colleges,48%rise in the number of undergraduate medical seats and a 79% jump in post-graduate medical seats. A total of 114 new government hospitals will come up in the next three years.

We know Ayushman Bharat scheme,one of finest health care scheme by modi govt...provide health coverage to approximately 50 crore citizens of India. Moreover, it offers beneficiaries with an average coverage amount of Rs. 5 Lakh.

We also know Ayushman Bharat scheme has provided free treatment to more than 1.26 crore beneficiaries since its launch in September 2018.

Foreign Exchange Reserves⏫

India's FX Reserves could reach $1tn by 2025.India's forex reserves stands all time high $572bn (Nov2020) under modi govt......it was $108 bn (Dec2004), $283 bn (Dec2009),$319bn (Dec2014),$454bn (Dec2019).

Road Building ⏫

India's rate of road building has accelerated since 2010s. It averaged about 12 kilometres (7.5 mi) per day in 2014–15 and 30 kilometres (19 mi) per day in 2018–19. Modi govt target is to build 40 kilometres (25 mi) of highways per day.

FDI Inflows ⏫

The FDI inflows was $36 billion during 2013-14......fdi grew under modi govt  2019-20 to $73 billion.....expected to  $150 billion by 2021-22.

Near 1,000 companies want to shift from China to India.

Pradhan Mantri Awaas Yojana ⏫

One of the Biggest  #Pro-poor policy after Independence....was launched by Hon'ble Prime Minister Narendra Modiji ,in June 2015 to fulfill the housing needs of rural and urban poor.

Pradhan Mantri Awas Yojana (PMAY) aims to fuel the concept of ‘housing for all’.

This scheme proposes to build more than 2 crore houses by 2022 for the urban and rural population of India.

The scheme is for the benefit of economically weaker sections, lower income groups, urban poor and rural poor.

NITI Aayog⏫

Ever since India got independence, a lot of planning and execution was done on the central level by Yojana Ayog (Planning Commission). Modi government scrapped the planning commission and introduced Niti Aayog, which promises equal power to the states on matters of planning. Also, the government has scrapped five-year plans from 2017 and will now have 3-year plans and 15-year plans, with clear agendas and objectives. Niti Aayog calls for supporting entrepreneurs and MSMEs to boost the employment in all sections. Niti Aayog works as a corporate entity with a CEO and answerable representatives.

I think Under the dynamic leadership of Hon'ble PM Modiji, India will be $5 trillion Economy by 2024..... $12 trillion by 2030.Strongly believe that india will overtake China by  2040.