Will India Achieve Its Economic Aspirations to Emerge as a Dominant Economy?
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Synopsis
As India gears up for its economic transformation, IIT Dhanbad Director Sukumar Mishra sheds light on how innovative sectors and long-term strategies can position the nation as a global economic powerhouse. Discover the insights shared during the National Industrial Exhibition that could redefine India’s future.
Key Takeaways
- India is on a path to become a powerful economy.
- Emphasis on manufacturing and agriculture is crucial.
- Technological integration is key to future success.
- Long-term planning is essential for development.
- India's growth rates remain robust amid global challenges.
New Delhi, Dec 16 (NationPress) India is poised to realize the economic ambitions set forth by Prime Minister Narendra Modi and his administration, and the nation is on track to become a formidable economic force, stated Sukumar Mishra, the Director of IIT (ISM) Dhanbad, during a press briefing on Tuesday.
At the launch of the National Industrial Exhibition and seminar in Bokaro, he emphasized the role of the manufacturing sector and innovative agricultural practices as pivotal initiatives that will transform the nation's future.
Mishra projected that the year 2045 would mark a significant milestone for India’s development trajectory, highlighting the promising path the country is currently undertaking.
He remarked, “Just as the US dollar holds supremacy globally, the time is near when India will emerge as a robust economic entity, and the Indian rupee will gain prominence on the international stage.”
He elaborated that the integration of a comprehensive manufacturing sector, modern agricultural techniques, artificial intelligence, and quantum computing will propel India into a position of economic strength, with the Indian rupee becoming a global currency.
The IIT (ISM) Dhanbad Director pointed out that rather than worrying about the declining GDP and the appreciating dollar, the focus should be on strategic long-term planning aimed at achieving a developed India.
He recalled that upon gaining independence, the mantra was “Jai Jawan, Jai Kisan.” This was later supplemented by “Jai Vigyan,” and, in light of current needs, “Jai Anusandhan” was incorporated into the original phrase.
Emphasizing the significance of emerging technologies in fostering comprehensive national growth, he asserted, “Transforming knowledge into scientific advancements and then into technology is essential for India to reclaim its status as a global leader across all sectors.”
With India being the world’s fastest-growing economy, the nation reported growth rates of 7.8% and 8.2% in the first two quarters of the current fiscal year, despite facing global economic challenges.
Point of View
The insights provided by Sukumar Mishra reflect a forward-thinking approach towards India's economic growth. His emphasis on innovation and strategic planning showcases the potential for transformative change. Focusing on long-term objectives rather than short-term challenges positions India favorably for future success.
NationPress
16/12/2025
Frequently Asked Questions
What are the key factors that will drive India's economic growth?
Key factors include advancements in the manufacturing sector, innovative agricultural practices, and the integration of technologies like AI and quantum computing.
What significance does the year 2045 hold for India?
2045 is projected to be a landmark year for India, marking significant progress towards becoming a developed nation.
How does Sukumar Mishra view the Indian rupee's future?
Mishra believes that the Indian rupee will gain prominence on the global stage, much like the US dollar.
What historical context does Mishra provide regarding India's independence?
He highlights the evolution of the national mantra from 'Jai Jawan, Jai Kisan' to 'Jai Anusandhan' to emphasize the importance of research and innovation.
What growth rates has India achieved recently?
India reported growth rates of 7.8% and 8.2% in the first two quarters of the current financial year.
