{"id":19798,"date":"2024-02-04T20:47:42","date_gmt":"2024-02-04T15:17:42","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19798"},"modified":"2024-02-04T20:47:42","modified_gmt":"2024-02-04T15:17:42","slug":"india-is-set-to-become-the-third-largest-economy-in-the-world-by-2030","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19798","title":{"rendered":"\u00a0India is set to become the third largest economy in the world by 2030"},"content":{"rendered":"

Title:<\/strong> \u00a0India is set to become the third largest economy in the world by 2030<\/p>\n

Authors:<\/strong> Shashikant Kumar<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Abhishek Parab<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 Ninad Salunkhe<\/p>\n

Introduction:<\/strong> India has the conditions in place for an economic boom fueled by offshoring, investment in manufacturing, the energy transition, and the country\u2019s advanced digital infrastructure.<\/p>\n

Objectives:<\/strong> To understand the underlying phenomena of this problem.<\/p>\n

Literature review:<\/strong><\/p>\n

Research on the impact of third lagest economy. There\u2019s a clear focus by India\u2019s government to become a hub for foreign investors as well as a manufacturing powerhouse, and their main vehicle for doing so is through the Production Linked Incentive Scheme to boost manufacturing and exports, according to S&P analysts.<\/p>\n

\u00a0<\/p>\n

Testing of Hypothesis:<\/strong><\/p>\n

Ho: \u03bc=3<\/p>\n

H1: \u00b5\u22603<\/p>\n

\u00a0<\/p>\n

Data collection:<\/strong><\/p>\n

1.Compared to other countries,India has the youngest working population.<\/p>\n

\u00a0<\/p>\n

2.The Government of India driven “Make in India” campaign successfully to contribute towards it’s GDP.<\/p>\n

\u00a0<\/p>\n

3.There are challenges like Poverty and Income inequality.<\/p>\n

\u00a0<\/p>\n

4.Fiscal Deficit and Public Debt could be barrier for becoming third largest economy in World.<\/p>\n

\u00a0<\/p>\n

5.Agriculture is the backbone of Indian Economy.<\/p>\n

\u00a0<\/p>\n

Data analysis: <\/strong><\/p>\n

    \n
  1. Compared to other countries, India has the youngest working population.<\/li>\n<\/ol>\n

    S.D.= 0.78\u00a0\u00a0\u00a0\u00a0\u00a0 S.E.= 0.12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mean= 4.15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 t-stat= 11<\/p>\n

    \u00a0<\/p>\n

      \n
    1. The Government of India driven “Make in India” campaign successfully to contribute towards it’s GDP.<\/li>\n<\/ol>\n

      S.D.= 0.91\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 S.E.= 0.10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mean= 3.48\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 t-stat= 4.51<\/p>\n

      \u00a0<\/p>\n

        \n
      1. There are challenges like Poverty and Income inequality.<\/li>\n<\/ol>\n

        S.D.= 0.91\u00a0\u00a0\u00a0\u00a0\u00a0 S.E.= 0.12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mean= 3.35\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 t-stat= 4.01<\/p>\n

        \u00a0<\/p>\n

          \n
        1. Fiscal Deficit and Public Debt could be barrier for becoming third largest economy in World.<\/li>\n<\/ol>\n

          S.D.= 1.03\u00a0\u00a0\u00a0\u00a0\u00a0 S.E.= 0.10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mean= 3.40\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 t-stat= 5.30<\/p>\n

          \u00a0<\/p>\n

            \n
          1. Agriculture is the backbone of Indian Economy.<\/li>\n<\/ol>\n

            S.D.= 0.65\u00a0\u00a0\u00a0\u00a0\u00a0 S.E.= 0.12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mean= 4.23\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 t-stat= 13.40<\/p>\n

            \u00a0<\/p>\n

            \u00a0<\/p>\n

            Conclusion:<\/strong><\/p>\n

              \n
            1. Compared to other countries, India has the youngest working population.<\/li>\n<\/ol>\n