Friday, November 21, 2014

India and Reforms

By Rishabh Choudhari
If you have visited the ISA's official website and read the Breaking News on it than you know what is the subject of this post. If you have not read the article yet than click on this link  http://isarrhs.webs.com/news-from-india

It has been quite clear that the Indian economy was flourishing for at least 14 years now, but the constant problems with black money and much needed reforms kept the economy away from its full potential. Now the OECD has recognized this problem as well. OECD recommends tax reforms, and other domestic reforms to truly release India's full potential on the world stage. India has already done much to have some reforms passed. Such as Anna Hazare's  successful protest against corruption. Such reformers and movements have awoken the Indian public. Therefore, it is clear that change will happen in the country. Additionally, we have already seen examples of these new reforms happening in the country right now; for example, PM Modi's Safai Abhiyan which has caused the people of India to take actions into cleaning the country. But so much more can be done. India is still young and already has achieved so much- including becoming the third largest economy in the world. However, the country clearly has more potential than that, as proven by OECD. The time is ripe for India to show the world what its true capabilities are. It is time for the great slogan of India, "Abh Hindustan ki baari hai," to become a reality.

What reforms does India really need and how can the country improve itself? Comment below what you think can be and should be done!


No comments:

Post a Comment