It has to be said that India has made leaps and bounds in many fields in recent years, and its influence in the Western world is also increasing.
However, despite India's remarkable economic growth over the past few years, it still faces many challenges to become a developed country.
This article will analyze India's current situation and future from multiple perspectives, and whether it can rank among the developed countries.
India this possesses 13A large country with a population of 500 million, located in South Asia and bordering the Indian Ocean in the south, has abundant resources and huge potential. The size of India's population is a major advantage in its development.
India's young population provides India with a huge workforce, which is one of the reasons for India's rapid economic growth in recent years.
In addition, India graduates a considerable number of science and engineering talents every year, about 2.6 million, which is of great significance for the development of industry and scientific and technological innovation in India.
However, the overall level of education in India is low, and the adult illiteracy rate is as high as 25%, which poses a serious constraint on India's socio-economic development.
In terms of economy, India's total economic output in 2022 was 34 trillion US dollars, ranking fifth in the world. However, India's GDP per capita is only $2,600, which is far below the world average.
India's major industries include steel, textiles, software, generic drugs, automobile production and electronics manufacturing, and a relatively complete industrial system has been established.
However, the pace of infrastructure construction in India is relatively slow, the education level of a large number of people is low, the difficulty of land acquisition, the low efficiency of the office, and the lack of investment in scientific research are the main obstacles to the development of India's manufacturing industry.
In terms of land resources, India has a land area of about 2.98 million square kilometers and an effective arable land area of 1.53 million square kilometers, with a livable and arable land rate of nearly 52%.
India's food production is not high, with only 3100 million tons, 232 kilograms per capita, far below the world average of 710 kilograms per capita.
In addition, India has relatively small oil and natural gas reserves and needs to be imported in large quantities. India's superior resources are mainly iron ore and coal, of which iron ore reserves are 5.5 billion tons and coal reserves are 97.7 billion tons, which can basically meet its own development needs.
In terms of R&D spending, India's R&D spending is only 0% of GDP7%, about $24 billion per year. By comparison, China spends 2.% of GDP on R&D55%, and the United States accounts for 3% of GDP.
This means that India's investment in R&D is far from sufficient to support its competitive edge in the world economy. So, is it possible for India to become a developed country?
Historically, most developed countries have been small countries with populations of several million, or large countries that have developed over several hundred years. However, India's demographic dividend is both an advantage and a disadvantage, and the large number of cheap labor can naturally attract many foreign factories to build factories, but it also determines their development ceiling.
Moreover, India's overall low IQ level poses a serious constraint on the development of core technologies. However, there is still potential for India in some areas.
For example, India has a certain foundation and advantages in international relations, a young population, the number of science and engineering talents, its own consumer market, and the integrity of its industrial system.
But in the wave of the Fourth Industrial Revolution, India has not been able to keep up with the overall pace of China and the United States. At the same time, India's internal problems have not been resolved, such as the gap between the rich and the poor, the caste system, land acquisition, food, electricity, etc.
In summary, India's development ceiling is likely to be a middle-income country, unless the world pattern is reshuffled and India can win in the end!