India's emergence as the fourth-largest economy in the world in terms of nominal GDP is a definitive milestone in India's journey to its deserved position. Nominal GDP rankings are a key indicator of a nation's international stature and economic influence. India has the potential to rank among the world’s wealthiest countries even in terms of per capita GDP.
The country's prolonged poverty can be largely attributed to centuries of foreign rule and the collectivist or leftist policies that followed independence. However, the gradual retreat from collectivism has yielded remarkable results. The endemic poverty that plagued India until the 1990s is, for the most part, a thing of the past.In today's world, where homeland economics and aggressive economic nationalism dominate international relations, major economies are making concerted efforts to assert their interests globally. The lesson is clear: every citizen must play a role in advancing the national power. One meaningful way to do this is by supporting sound and forward-looking ideas and policies.
Niraj Kumar Jha
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