India is now the World's 4th biggest economy by GDP as per Niti Aayog and it has overtaken Japan

India is now the World's 4th biggest economy by GDP as per Niti Aayog and it has overtaken Japan.

Only 3 economies are bigger than India as of today after overtaking Japan and three bigger economies when compared with India are USA, China, Germany as of today's date.

In next 2 years, there is high probability that India will overtake Germany as well due to Central Government initiatives and also couple state governments initiatives.

China's biggest risk is Tibet will get separated from China at some point of time in future. Even China knows that very well and so investments in Tibet region is very small amounts by China government when compared with regions where Han Chinese live.

India has to take steps to increase manufacturing capacity in India.

Just keep 14% flat tax on net profit for modern equipment manufacturing companies from now to 2030 will attract both domestic and FDI flows into India. 

Modern equipment can be Drones, Chips, Semiconductors, Machinery like JCBs, High end machinery, World exportable LED equipment, high end defence equipment, Super Computers, Advanced Medical Equipment, High end Cameras, Electronics, Robots, Machineries manufacturing units that can be used in other mid and small scale industries. Not limited to this. Specifically while giving permissions and process approvals it should be easy with transparency and not allowing corruption at any spot.

In the above cases even assembling is also good to go considering 40% of assembling should happen in India.

Definitely India has capacity to become 10 Trillion USD economy by 2033 if proper steps are planned. Not cake walk target but achievable target for India.

Building World class medical facilities in India and make it user friendly for foreigners to get proper medical treatment in India. But not sure what tax rate is best for this. This area also India has scope to pick up rapidly. Similarly other things can be planned.

Indian Government should take all steps to fix issues if any bottlenecks comes in any form to manufacturing companies. Mainly ease of doing business policies should be made for genuine companies.

Even GST amounts also to reduce wherever possible in India and at the same time Government gets sufficient revenue because of companies revenues gets boost to Government initiatives.

Other countries past data can be studied where sustainable growth is present and review whether such steps is worth to implement in current Global scenario also.

India greatest asset as of today over USA and China is India debt to GDP ratio is low. This is great advantageous factor.

For capital expenditure projects and employment creatable projects, India has bandwidth to take debts. But care should be taken, it should be raised internally in India but not at all from foreign countries in foreign currency.

Taking debt in foreign currency is always risky. Reason is currency manipulation can be done by some countries. So debt should be raised within India from Indians and logically possible.

Mega infrastructure projects or middle level infrastructure projects whichever reduces logistics costs will be paid back.

Huge amount of FDI will flow into India. We do not care and has positive opinion on FII investments. It's not much worth for India. Only FDI investments is greatest asset. Steps can be taken and can be implemented whichever can increase FDI investments.

Women force greatly improved in India in all spaces and steps to be taken to improve further. Still more women force can be plugged into India econony.

Education should be made practical oriented in India. In theory, our education is great but in practical oriented definitely India education need to improve. Looks to be minor thing but very important thing.

Mainly infrastructure projects should be taken at bigger scale. Logistics costs to be reduced.

Every Indian should keep in mind still India has lot of potential to grow and still we are not at reasonable place and here is the reason :

a. India country size is almost 8.7 times of Japan

b. India adult population (18+ years) is almost 9.5 times greater than Japan.

So the above numbers says still India has lot to grow and still it is not time of celebration for Indians.

Employment facilities should be created even at rural level. 

Between 1947 and 1990 lot of policy mistakes happened in India. Without those blunder mistakes where most sectors of business was kept with Government only is most blunder in the past.

Good that India has most powerful leaders at Central Government level now.