India and Africa are both striving for development and prosperity in their respective regions. The World Bank's Spring 2023 India Development Update Report highlights the key areas that India needs to focus on to become a developed country by 2047 [11d5aaca]. These areas include women-led work and development, higher domestic demand, quality job creation, decentralized governance, revisiting public subsidies, and improving ease of doing business. The report also emphasizes the importance of human capital development, including better teachers, doctors, nurses, and caregivers, as well as support for women-led development and youth skilling. India's progress in infrastructure investments, digital public infrastructure, financial regulation, and pro-poor public welfare is acknowledged, but further improvements are needed in these areas. Achieving 8% growth and becoming a developed country by 2047 requires a comprehensive approach and targeted efforts in these key areas.
Similarly, in Africa, there are 17 countries that have made significant progress towards development in 2023 based on the Human Development Index (HDI) [d97cce5f]. These countries have shown growth and prosperity in sectors such as education, healthcare, and infrastructure. The article emphasizes that while the HDI score is an important indicator, it does not encompass all factors that define quality of life. The developmental journey of these countries is seen as a testament to Africa's resilience, potential, and aspirations for a brighter and more prosperous future.
Both India and Africa face challenges on their paths to development. India needs to achieve a minimum of 8% annual growth to become a High Income Country by 2047 [11d5aaca]. Barclays' senior economist, Rahul Bajoria, emphasizes the importance of macroeconomic stability in achieving this target [0d111937]. In Africa, there are ongoing efforts to overcome challenges and improve the quality of life for its people.
Prime Minister Narendra Modi initiated the concept of Atmanirbhar Bharat in 2020, which aims to make India self-reliant by 2047 [cba64ae8]. The book 'Aatmanirbhar: A Swadeshi Paradigm' edited by Professor Ashwani Mahajan explores different perspectives on self-reliance in India. The book features contributions from various experts, including V A Nageswaran, Bibek Debroy, N K Singh, A K Lahiri, Sanjeev Sanyal, Sanjeev Puri, Sridhar Vembu, and Gopal Srinivasan. The chapters cover topics such as agriculture, industry, services, ethics in economic development, food security, energy deficit, and the role of government in policy implementation. The book also discusses India's digital transformation, the importance of digital public goods, and the Aatmanirbhar Bharat approach in response to the COVID-19 pandemic. The authors emphasize the need for sustainable development, reducing inequalities, and improving human well-being in India's journey towards becoming an economic power by 2047 [cba64ae8].
The common theme in these inputs is the pursuit of development and prosperity. Both India and Africa are striving to improve their economies, infrastructure, and social indicators to achieve higher standards of living for their citizens. While they face different challenges and have different strategies, the goal remains the same - to create a better future for their respective regions.
[11d5aaca] - World Bank's Spring 2023 India Development Update Report
[0d111937] - Barclays' senior economist, Rahul Bajoria
[d97cce5f] - '17 Most Developed Countries in Africa 2023: From Growth to Prosperity' article on Southwest Journal
[cba64ae8] - 'India's transition from 'fragile five' to 'first five' article on The Hans India
Kwame Nkrumah's Address: Roadmap to Development - A Socialist Ghana [4d3b7c53]
Sources:
- 'Paths to Development: India and Africa' by World Bank and Southwest Journal
- 'Kwame Nkrumah's Address: Roadmap to Development - A Socialist Ghana' by Kwame Nkrumah
- 'India's Path to 'Vishwaguru': Dr. Ram Madhav Outlines Key Factors for Development by 2047' by Dr. Ram Madhav
- 'India's transition from 'fragile five' to 'first five' by Vijay Kumar Shrotryia