Dr. Guljit K. Arora
Principal, Bimrao Ambedkar College, University of Delhi, India
E-mail: info@brambedkarcollege.org
India is well acknowledged as an ancient
civilization with its historical contribution to the world
knowledge, learning and innovation.Its hard camed independence achieved in
1947 was followed by an economic resurgence characterized by an annual rate
of growth rate of (around 8 per cent) in real GNP since 1991. It is well appreciated
in the world geopolitics and economy. With about 1.3 billion people constituting
around 17.5 per cent or world population, out or which about 2/3 .. d being in
the working age, India has the potential to be the future human resource
The modem India, has come a long way in
raising levels of its socio-economic development level and is further equipped and
has the potential to provide an innovative effective solution to its socio-economic problems. However, India 's welfare improvement is
modest and accompanied by worsening or inequality. It cannot ignore the
harsh realities of its Bharat. The globalised induced economic reforms have not stimulated the manufacturing share in GOP beyond 16 per cent and
employment beyond 12 per cent for the last 40 years or So. It also compares poorly with
Indonesia, Malaysia and Thailand.
