वसुधैव कुटुम्बकम्

"The world is one family" is the Sanskrit phrase of Vasudhaiva Kutumbakam. The idea of universal brotherhood and the interconnectedness of all beings is embodied in this philosophical concept. The meaning of the phrase is that we ought to treat one another with dignity, compassion, and respect because each person is a part of the global community. 

The significance of embracing diversity and fostering peace, unity, and cooperation among all nations and cultures is emphasized in this principle. The message of Vasudhaiva Kutumbakam is more timely than ever as we confront issues like poverty, inequality, and conflict in a world that is becoming increasingly interconnected.

In the light of this note, India is the world’s fastest-growing major economy and the envy of many other nations. India has been growing rapidly for over a decade, and its economic prowess is making other big markets take notice. 

India's economy is booming, and other big nations are jealous. India's GDP grew by 7.5% in 2015, making it the fastest growing major economy in the world. This growth is being driven by strong domestic consumption, investment, and exports. 

The Indian government is also pursuing economic reforms that are making the country more attractive to foreign investors. As a result, India is on track to become one of the world's leading economies in the years to come.

Countries who feel jealous with India are Pakistan, America, Japan, China, Russia, Ukraine etc.

That’s why India's economic growth has been the envy of other nations for years. The country has consistently outperformed its peers, posting an annual growth rate of 7.5% in 2016. 

But What's driving India's economic success and why other countries are jealous? 

Rapidly expanding middle class: As incomes rise and more people enter the middle class, consumption increases, fueling further growth. Additionally, the growing middle class is increasingly spending on discretionary items like travel and entertainment, which helps drive other sectors of the economy.

Strong domestic demand: Even as other economies have struggled in recent years. This has been driven by a number of factors including rapid urbanization, rising disposable incomes, and increasing consumer confidence. As a result, India has been relatively insulated from external shocks and has continued to grow at a healthy pace.

Increased productivity: India has seen increases in productivity in recent years due to improvements in education and technology. These improvements have led to more efficient production processes and higher quality products, making India more competitive in the global marketplace.

Foreign investment: Foreign companies have been investing heavily in India in recent years, attracted by the country's large market and growing economy. This investment provides capital for businesses to expand and create jobs, further boosting economic growth.

Global Workforce talent pool in India: Since the beginning of the Internet, businesses all over the world have outsourced services to India, including software development, customer service, and business process outsourcing. However, the concept of India as the world's back office is gaining new traction right now thanks to tighter global labor markets and the rise of distributed work models.

Digitalization : With the introduction of the Aadhaar national identification program more than a decade ago, India began laying the groundwork for a more digital economy. The system has helped digitize financial transactions and generates biometric IDs as proof of residence, among other benefits.

High energy resources : Because it affects education, productivity, communication, commerce, and quality of life, energy is also essential to economic growth. Due to recent changes in transmission and distribution, among other things, all of India's 600,000 villages now have access to electricity. Over the next ten years, this could increase India's daily energy consumption by sixty percent.

Helping hands : India laid no stone unturned to help other countries during emergency situations. Whether it’s russia ukraine wars, china covid surge India is always the first country who join hands with other country to stand together. That is why we called india as a young shine India and contributes humanity.

But can the growth continue? (The Future)

India's economic growth over the past few years has been impressive, and other big nations are starting to take notice. But can the growth continue?

There are a number of factors that suggest it can. First, India has a large population that is continuing to grow. This gives the country a large potential workforce that can be tapped into as needed. Second, India also has a young population, with a median age of just 27 years old. This means that there is a growing pool of consumers who are driving economic growth.

Third, India is increasingly becoming an attractive destination for foreign investment. Multinational companies are setting up shop in India because they see the potential for long-term growth. And finally, the Indian government is taking steps to encourage economic growth, such as by reforming the tax code and investing in infrastructure projects.

All of these factors suggest that India's economic growth is likely to continue in future.

Roadmap and final words : The challenges ahead for India's economy are daunting, but not insurmountable. The country faces a number of headwinds, including a weak global economy, increasing protectionism, and structural constraints such as low productivity and infrastructure bottlenecks.

That said, there are also many reasons to be optimistic about India's prospects. The country has a young and rapidly growing population, an expanding middle class, and a thriving private sector. If India can continue to reform its economy and create more jobs, it has the potential to become one of the world's leading economies.

India's success in the economic sector has been impressive and has sparked envy from other major nations. The country strong infrastructure, focus on education, and commitment to innovation have all played a part in their remarkable growth. As India continues to thrive, it will be interesting to see how they continue to develop while inspiring and defeating other countries around the world with its tremendous progress.