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VIDEO INTRODUCTION:
Hi everybody,
I have a question for you. Do you believe India can become a superpower? Do you believe we could beat China to become the manufacturing powerhouse of the world? If yes, then you would know that in the past 10 years, the government of India has taken some serious steps to build the nation that we all aspire to live in! A nation that stands as the epitome of growth power and development! A nation that can forget its horrific past of being oppressed and poor and look at itself as a dominating force in the world economy! And this was a historic moment for India when our PM delivered a speech to the US Congress!

Now considering the pace at which we are growing, considering the populations that we have, the entire world looks at India as the next rising superpower after China!! Because if you look at both our nation’s histories it’s very very similar!!
China was a poor country just like India and just like India China was facing the pain of being a socialist country!

But this is where in 1978, something crazy happened when China liberalised its economy!

Both our GDPs had a similar trajectory, but somehow after the 1980s, china witnessed a hockey stick growth and its GDP skyrocketed to go so far ahead that today, the Chinese economy is almost 5 times that of India! But as we all know, after being 13 years late, all thanks to Dr. Manmohan Singh, India got liberalized in 1991 just like China did in 1978!

And if you see the Chinese economy they witnessed a hockey stick growth exactly 30 years after liberalisation!
Which is from 2008 to 2023!

And now in 2021, we completed our 30 years since liberalisation! So now the world expects India to accelerate and become the second-largest economy in the world! This is the reason why FDI in India is flooding in, foreign investors are pouring in cash, and venture capital firms are burning billions of dollars just to bet on India!

So it’s great news right??
Well, not really guys! Because I have a report from the Blume ventures called the “Indus Valley Report”, which tells us that there 3 major challenges that we need to overcome if we want to become an economic superpower! And if we don’t overcome it! India will not become an economic superpower! I repeat – India will not become an economic superpower!

So the question is,

What does this Indus valley report tell us about India?
What are these 3 economic challenges?
And is the government of India really solving these challenges?

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India has set an ambitious goal of achieving a $10 trillion GDP by the year 2030. To achieve this feat, Prime Minister Narendra Modi has put together what he calls his “Golden Team” – a group of leaders and experts from various fields tasked with driving India’s economic growth to new heights.

The Golden Team consists of top economists, policymakers, and industry leaders, all working together to identify key areas of growth and implement policy changes to drive India’s economic growth. The team is formed on the belief that a collaborative and unified effort is essential to achieve this ambitious goal.

One of the key strategies of the Golden Team is to focus on boosting India’s manufacturing sector. This involves increasing investment in infrastructure, technology, and innovation to make India a global manufacturing hub. The goal is to attract foreign investment, create job opportunities, and boost exports, ultimately driving economic growth.

Another important focus of the Golden Team is on improving the ease of doing business in India. This involves streamlining regulations, reducing bureaucracy, and creating a more favorable business environment for both domestic and foreign investors. By reducing red tape and improving transparency, the team aims to attract more investments and foster entrepreneurship, which will in turn drive economic growth.

Additionally, the Golden Team is looking to leverage technology and digital innovation to boost India’s economy. This includes promoting digital literacy, investing in digital infrastructure, and encouraging the development of new technologies and startups. By harnessing the power of technology, India can unlock new opportunities for growth and leapfrog ahead in several key industries.

While the Golden Team’s strategies are ambitious and promising, there are challenges ahead. India still faces issues such as high levels of poverty, inequality, and infrastructure deficits, which could hinder the country’s economic growth. Additionally, global economic uncertainties and geopolitical tensions could also pose risks to India’s goal of achieving a $10 trillion GDP.

However, with the right policies, leadership, and determination, the Golden Team believes that India can overcome these challenges and achieve its economic dreams. By working together and implementing bold reforms, India has the potential to become a major global economic powerhouse in the coming years.

In conclusion, the Golden Team led by Prime Minister Modi is driving India towards its goal of achieving a $10 trillion GDP. By focusing on manufacturing, improving the ease of doing business, and leveraging technology, the team is laying the foundation for sustained economic growth. While challenges remain, the Golden Team’s vision and determination give hope that India can indeed reach its economic aspirations in the near future.