A $5 Trillion Economy, But for Whom?
News India Official
As India hurtles toward the coveted title of the world’s third-largest economy in 2028, a staggering truth casts a shadow over the celebration: 80 crore Indians will continue relying on free food grains to fend off hunger.
“India’s economic growth pivots on capital, productivity, and labor, and data show that for over four-fifths of Indians, the $5 trillion economy is a bridge too far,” reveals a stark reality that challenges the narrative of prosperity for all.
In a recent election rally in Chhattisgarh, Prime Minister Narendra Modi made a significant announcement, extending the Pradhan Mantri Garib Kalyan Ann Yojna. This scheme, providing 5 kg of free foodgrains every month to beneficiaries of the National Food Security Act, will now persist for an additional five years. The motivation behind this extension? Preventing any citizen from going to bed hungry.
However, the juxtaposition of this initiative against the backdrop of India’s anticipated $5 trillion GDP in 2028 raises poignant questions. Will the economic surge lift the veil of hunger from large swathes of the population, or will it be a triumph marred by the persistent pangs of poverty?
While the government gears up for the five-year dash to economic supremacy, the spotlight turns to the beneficiaries of such ambitious targets. The contrast with Japan, currently the third-largest economy by GDP, provides a sobering reference point. It underscores the importance of not just achieving economic milestones but ensuring that the prosperity is inclusive.
As India navigates the complex terrain of economic growth, the extension of the foodgrain scheme forces a reckoning with the harsh reality faced by millions.
“A $5 trillion economy, but for whom?” serves as a poignant reminder that true success lies not just in economic figures but in the upliftment of every citizen. The pursuit of a $5 trillion economy must not be blind to the hunger that persists in the shadows, posing a challenge to the very essence of inclusive progress.
Team Profile
- News Writer
- Saman Sheikh, with a passion for unravelling the complex web of global events and their implications, brings a unique blend of expertise and dedication to the world of journalism. She is dedicated to keeping readers informed about the ever-evolving landscape of global politics, economics, and diplomacy, making sense of the world's most pressing issues. Saman is known for her expertise in deciphering global rivalries and shedding light on diplomatic intricacies.
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