manishbohra - My Vision

I often ponder what India would be like 10 years hence. A lot of people talk and express their views about Vision India 2020. Would it really be the India that I have pictured it to be? Would India be as prosperous as I have envisioned it to be? To me prosperity is correlated not only to affluence but also to corruption, crime, law & order, cultural heritage, economic health, social evils and so on. In my lifetime, I have watched our country grow andchange; change for better. In 60 years of Independence, India has transformed, from a socialist economy, into a liberal free-market economy that rewards free enterprise and entrepreneurship. Today, we proudly stand as the second fastest growing economy in the world with a robust and resilient financial system that has proved to be immune, to an extent, to the global economic recession when other countries such as the USA, UK and Japan are engulfed into the economic meltdown. As in 2007, India was the fourth largest economy in the world with a GDP of $3 trillion (Purchasing Power Parity basis). Thanks to the regulated banking industry and the culture where people tend to save. India has evolved, socially and economically, and grown significantly in the last couple of decades.