Rome Was Not Built In a Day
Introduction: The English author John Heywood’s concluded that “Rome wasn’t built in a day, yet they were laying bricks every minute” serves as an example that creating things takes patience and perseverance. The splendour that Rome attained was the outcome of centuries of unwavering exertion and unending energy deeply committed by the citizens.
When imagining the civilization they eventually desire, residents of any nation do not overlook that each brick must be laid constantly over decades. The phrase “Rome wasn’t built in a day” refers to the fact that great accomplishments do not happen instantly.
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Small Measures Can Help Achieve Goal:
They are the outcome of years of hard work, making plans, and perseverance. We are frightened by the ultimate objective and consequence whenever we begin a new action or habit. We often forget that no matter how large the purpose, small measures taken over moment can help to achieve that goal. This is as accurate today as it was back then, and it applies to all facets of our lives, including our investment opportunities.
Exponential Development in India:
India, which has now become a significant global nation, has grown exponentially since its independence from demarcation line rule. However, as with everything else, different people have different feelings about it. Though some believe, it has seen meaningful strides, others believe it has been postponed in comparison to what it should be. Irrespective of these opposing viewpoints, the fact remains that the India we perceive today is distinct from what it was during independence.
India has expanded and developed in many different manners and aspects, including foundation, education, medical services, technology and innovation, entrepreneurialism, skills enhancement, digital innovation, and virtually every other surviving area. Even though, it is considered to be a non-industrial country. This implies that the country will need to engage in order to locate the development strategies. Let us now look at the advancements that India has produced in different areas over the last decades.
Stages of Economy:
An independent India was given a financially troubled economy, lack of critical thinking, and shocking destitution. Modern financial experts divide India’s financial advancement into two stages: the first 45 years after independence and nearly 30 years of unrestrained economy. The years preceding financial progress were primarily distinguished by instances in which monetary advancement worsened due to a lack of effective approaches.
With the launch of an advanced and economically liberalized strategy, financial changes played the role of great leader. Worldwide financial funders began to respond positively to an adaptable technologically advanced permitting approach and an informal FDI policy. The telecom and data innovation sectors have seen significant improvements in the nation’s administration. A trend that started exactly twenty years ago is still going strong. A few global organizations continue to re-appropriate their teleadministration and IT leaderships to India, resulting in the growth of ITES, BPO, and KPO organizations.
Indian Labour Force & Farming:
Currently, the government sector employs more than 30% of the Indian labour force, and this trend started in the 1980s. During the 1960s, the area employed only 4.5% of the working population. According to the Economic Survey 2021-22, the government sector accounted for more than half of Indian GDP and continues to grow. Farming has advanced fairly consistently since the 1950s. During the majority of the 20th century, the region grew at a rate of about 1% per year. During the post-independence period, the annual growth rate averaged around 2.6 percent.
Entrepreneurship in India:
The ancient evidence of entrepreneurship in India can be found to the Vedic ages. Entrepreneurship at the time primarily produced tradesmen. Returning to the present, India is on its way to becoming a global entrepreneurial superpower. Because India is a developing country, entrepreneurship is extremely important, and entrepreneurs are primarily national assets. New business dealings allow for the expansion of emerging businesses and the creation of new fortune. Notably, they generate employment and higher incomes, which is a national issue. Entrepreneurs are agents of social transformation in addition to contributing to nationwide profit.
Development of COVID-19 Vaccines:
One of the most notable examples is the development of COVID-19 vaccines, which were manufactured and distributed by Indian companies. Delivery apps have transformed the simple act of door-to-door dispatch; individuals can now have things delivered in as little as 10 minutes. Such advancements are altering our way of life.
Entrepreneurs are India`s Engine:
It is evident, then, that entrepreneurs are India’s engine. A startup ecosystem has emerged, with investments in technology, funding, applications, and other fields. There are numerous reasons why entrepreneurship in general will see rapid growth in the coming years. The private sector places a high reliance on the government and its policies. Several state governments are promoting young entrepreneurs to start businesses and making it easier for them to do so.
Digital India Venture:
The Indian government launched the ‘Digital India’ venture in July 2015 to enhance online system and boost internet connectivity among citizens (for example, by connecting rural regions to fast broadband networks), thereby uplifting the nation to become more range of digital. The government’s improved emphasis on developing a digitalized financial system is anticipated to benefit all industries.
Contribution of Women-founded Start-ups:
In India, 20.37% of MSME owners are women, accounting for 23.3% of the workforce. They are regarded as the economy’s cornerstone. Women-led industries contribute significant amounts to the economy. India has 432 million working-age women and 13.5-15.7 million women business owners, which recruit 22-27 million populations directly. Women-founded or co-founded start-ups produce 10% more accumulated income over a five-year period, according to the Boston Consulting Group.
In response to the plausible course of events, independent India has taken specific steps towards space technology. India has risen to its own capacity in manifesting in assertive endeavors. In 2008, India became the fourth nation on the planet to unfurl a flag on the lunar surface with Chandrayaan-1. Its most noteworthy mission to Mars was launched in November 2013, and it reached at the planet’s orbit on September 24, 2014.
Conclusion: India is also aggressively pursuing both nuclear and rocket programmes. This has also increased the country’s defence capabilities. Since independence, the Indian economy has undergone several positive changes. India has demonstrated that no country can develop in a quick amount of time; it requires support of the population and the continued attempts of each individual to perform on all facets.