The Year 2021 for India.

 The year 2021 for India

It was a year of desperation for India when deaths from COVID-19 and its spread came knocking, but India controlled and treated it effectively.

If we look at India's accomplishments in 2021, there are too many. Indian economy is jumping ahead at 9% growth, its foreign reserves are at all time high at $700 billion. Indian infrastructure is moving ahead with highways built at the rate 37 km per day. The railways are a shining example where most modern freight corridors are under construction. In a year, a bullet train will traverse in India too. Many economic barriers created over the past 60 years have been altered. An attractive tax structure is in place which has resulted in the highest tax collection since independence in 1947. Agricultural production peaked at 250 million tonnes of cereals in 2021, up from 47 million tonnes in 1947. 

A great and new innovation in military affairs has made a great dent in the policy of importing military material. The lazy DRDO has been given a new mandate to perform or be privatized. They carried out missile and bomb trials last December to strengthen our armed forces. It's certainly improved under a new leadership. In addition, Always Slow Defense (OFB) production has been reorganized. The military organization is undergoing vast changes to make it effective and efficient. Even the Chinese are taking a note of it. They have reduced the noise at LAC, lest they lose the battle and their prestige gets into the dustbin. Newer and more modern military hardware is joining the armed forces. Almost all of the Rafale fighter have been delivered by France, making Chinese and Pakistanis nervous. On top of those one set of five, S-400 missiles have been delivered by Russia. Two bigger and improved nuclear submarines have been commissioned for the Indian Navy. We are succeeding. This has made our hostile neighbors nervous. Still they own, some Indian media reporters hence still have the upper hand in propaganda.

A lot of legislative reforms (except the Farm Laws) have been instituted. That bureaucratic mess which in the last 50 years was created has been bypassed. Political parties in India unable to criticize government policy have been reduced ineffectively (Rahul Gandhi, Congress Party) or opting for pure shouting matches instead of political discussions. Some more legislative reforms in 2022, then we are at par to attract foreign capital that is so important for continued development. If the British had not stolen $50 trillion from India then we would have no need for foreign money. 

Close to $80 billion in foreign capital, both FDI and FII have poured into India in 2021. This is a record. Foreign institutional lenders are confident in India and will invest more in India than in China.

All the above has put India on a 9% growth trajectory. India becoming a $5 trillion economy in 2025/26 and $10 trillion economy in 2030/31 seems possible. In PPP terms, it will be $25 trillion economy by 2030. 

India is becoming a great nation, to be respected, even by the Western media. This is about 15 years behind China, which obtained that status early with a $2 trillion FDI injection. They also had the luxury of markets in the West kept open for duty-free imports and a very cleverly managed currency exchange to keep their commodity prices down. It is now India’s time.