Bharatiya economic model causing a stir worldwide, but still criticized within our own nation

GG News Bureau
New Delhi, 20th Feb. In the last decade, Bharat has seen incredible improvement, especially in the economic sector, and the Bharatiya economy has today become the fifth largest economy in the world as well as the fastest growing economy among the world’s largest economies. Many financial and economic institutions estimate that the Bharatiya economy will become the third largest economy in the world within the next five years. Today, many countries of the world, disappointed with the capitalist model, have started talking about adopting the Bharatiya economic model because the Bharatiya economic model based on Sanatan culture is considered better than the Western economic model. However, unfortunately, some political parties in Bharat are seen as competing with each other, undermining recent economic progress in Bharat and questioning the pace of change taking place in the Bharatiya economy.

Bharat is reaching new heights each day

Bharat is currently achieving new heights on a daily basis in various economic domains. In the first week of December 2023, Bharat had achieved fifth place in the world in terms of stock market capitalization, behind France and Britain. Only America, China, Japan, and Hong Kong surpassed Bharat. But now, within less than two months, Bharat has overtaken Hong Kong and achieved the fourth position in the world in terms of stock market capitalization. It appears that Bharat is regaining its lost prestige on the global stage in the realm of economics. From 1 AD to 1750 AD, Bharat dominated the entire world’s economy. During this period, Bharat’s share in the total foreign trade of the world was more than 32% because trade was done in Bharat following Sanatan culture. In Bharat, the practice of performing Karma and Artha works while adhering to Dharma is elucidated in ancient scriptures.

Since today, work has been completed in various fields by following the Sanatan philosophy in Bharta. The trust of the entire world in Bharat is escalating. Along with foreign investment, today about 50 countries want to make bilateral trade agreements with Bharat because Bharat is developing as a very large market for various products globally.

Additionally, investment in the Bharatiya stock market is gaining momentum

It is said that an investor invests his savings in the stock market very thoughtfully, and when investors start to realize that the future of a particular company is very bright and the return on the investment made by the investor is likely to be maximum, only then investors invest their savings in that particular company in the stock Hence, when investors’ confidence in the economy of a nation appears to be increasing, it is a common occurrence for foreign investors and foreign institutional investors to increase their investments in the shares of various companies operating in that nation. As foreign financial institutions have complete faith in the Bharatiya economy and the future growth prospects of Bharatiya enterprises, the investment in the Indian stock market is also gaining momentum.

Additionally, investment in the Bharatiya stock market is gaining momentum

It is said that an investor invests his savings in the stock market very thoughtfully, and when investors start to realize that the future of a particular company is very bright and the return on the investment made by the investor is likely to be maximum, only then investors invest their savings in that particular company in the stock Thus, when investors’ confidence in the economy of any country appears to be increasing, then especially foreign investors and foreign institutional investors increase their investments in the shares of various companies in that country. Since foreign institutions have full confidence in the Bharatiya economy and the growth journey of Bharatiya companies in the future, investment in the Bharatiya stock market is also gaining momentum.

Bharat has established its presence throughout the globe

The government’s policies have a special impact on the economic development of any country. Bharat has established its influence not only in the economic field, but also in the cultural, social and political fields. Today, approximately 3.20 crore people of Bharatiya origin are living in other countries of the world. These citizens of Bharatiya origin have influenced the local citizens of these countries by following the Bharatiya Sanatan philosophy, due to which foreign citizens have also started getting attracted towards the Sanatan culture. Particularly in developed nations, the social fabric has become so disintegrated that these nations are now turning to Bharat with optimism for the resolution of their economic, social and cultural challenges.

Bharat emerging as a global power

Bharat has become a global power in the field of space. Today, Bharat is not only sending satellites into space for itself, it has also been able to establish satellites in space for many other countries of the world. Bharat has been a global leader in the field of yoga and spirituality since ancient times. However, in recent times, Bharat has been reorienting its approach towards leading the world in the field of yoga and spirituality. In order to promote Yoga, the United Nations has decided to commemorate International Yoga Day on the 21st of June every year, which is observed with great enthusiasm by nearly all nations worldwide. Similarly, in the field of science, Bharat has made its own place in the entire world.

10% of the nation’s total population is living below the poverty line

Economic progress for any nation can be deemed successful only when the individual who is in the last rung of the ladder is also able to reap the benefits of its economic progress. From this perspective, Bharat has achieved notable accomplishments, particularly in eradicating poverty and addressing income disparities. It has also been greatly appreciated by the International Monetary Fund and the World Bank. In 1947, 70 % of the populace in Bharat resided below the poverty line, and as of 2020, approximately 10% of the nation’s total population is living below the poverty line.

The Digital Bharat initiative

Today, Bharat is undergoing a revolutionary transformation through the implementation of Digital Bharat Over the past decade, Bharat has made remarkable advancements in the realm of digitalization and today, Bharat boasts a population of over 120 million internet users, 114 million mobile users, and 65 million smartphone users. Thus, Bharat has entered a new era of digital advancement. Digital Bharat has made significant advancements in the realms of education and healthcare services as well. The availability of health services has been improved in rural areas. Now, new digital platforms are being used for drones as well, and work is also being done on how agriculture can be supported through drones. The execution of tasks such as the spraying of seeds and other similar tasks has begun to be executed using drones.

Bharat is on track to become the world leader

In addition to the agriculture sector, defence products, pharmacy, renewable energy, and digital system, Bharat is rapidly establishing itself in areas such as technology, information technology, automobile, mobile production, development of basic sectors, startups, drones, green energy, and space. It is aiming to establish itself as a global leader. Hence, owing to the momentum of its economic advancement, Bharat is poised to regain its position as a global leader. Bharat is presently emerging as a catalyst for global development. The International Monetary Fund estimates that Bharat’s contribution to global GDP growth in 2024 will exceed 16%. When the growth rates of other countries are slowing down, the growth rates of Bharat are rising high. This is only possible due to the economic policies implemented by the Central Government and the construction of new temples that ushered in religious tourism which contributed to the country’s economy.