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Why India’s economy could overtake that of the United States by 2075

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Mumbai, July 11, 2023 – In a bold projection, economic experts and analysts are pointing towards a potential milestone in India’s economic trajectory, indicating that India’s economy could surpass that of the United States by the year 2075. The forecast is based on a combination of factors, including demographic trends, technological advancements, and strategic policy decisions.

India, with its vast population of over 1.3 billion people and a growing middle class, has long been considered a major player in the global economy. Over the past few decades, the country has witnessed remarkable economic growth, becoming one of the world’s fastest-growing major economies. The latest projections suggest that this upward trajectory may continue and ultimately propel India to the top spot.

Experts argue that India’s youthful population will be a significant driving force behind its economic rise. With a median age significantly lower than that of developed nations, India is set to benefit from a large working-age population that can contribute to sustained economic growth, productivity, and innovation.

Technological advancements and digitalization are also expected to play a pivotal role in India’s economic expansion. The country has seen rapid developments in various sectors, including information technology, e-commerce, and digital services. These advancements are likely to continue driving innovation, boosting productivity, and enhancing competitiveness on the global stage.

Furthermore, strategic policy decisions and reforms aimed at improving ease of doing business, attracting foreign investment, and fostering entrepreneurship have set the stage for India’s economic leap. Initiatives such as “Make in India” and the implementation of a goods and services tax (GST) have already begun transforming the business landscape and promoting economic integration.

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However, experts caution that several challenges must be addressed for India to achieve this ambitious goal. Key areas that require attention include infrastructure development, education and skill enhancement, income inequality, and sustainable resource management. Tackling these challenges effectively will be crucial to sustaining India’s economic growth and ensuring equitable benefits for all sections of society.

While projections extend into the distant future, economists emphasize that these predictions are subject to various uncertainties. Global economic dynamics, geopolitical developments, and unforeseen events can significantly influence the trajectory of any economy. Therefore, the attainment of such a milestone is contingent upon India’s ability to navigate these challenges effectively and maintain a favorable growth trajectory.

The potential of India’s economy outpacing that of the United States has captured the imagination of economists, policymakers, and business leaders alike. It highlights the remarkable potential of a country with a rich cultural heritage, a diverse and dynamic workforce, and a commitment to inclusive growth.

As India continues its journey towards becoming an economic powerhouse, the government, private sector, and civil society will need to collaborate closely to ensure sustainable and inclusive growth, while addressing the evolving needs and aspirations of the Indian populace.

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Health

Namita Thapar and Anupam Mittal of Shark Tank India argue on work-life balance: “70-hour work week…”

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Shark Tank India’s Namita Thapar and Anupam Mittal clash over work-life balance debate: ‘70-hour work week…’

Should employees work longer hours? In a recent interview Shark Tank India’s Namita Thapar and Anupam Mittal expressed their contrasting views.

Creating the right work-life balance isn’t easy, and if you work for yourself, it can be almost impossible, as per entrepreneurs Namita Thapar and Anupam Mittal, who were both seen together in various seasons of the popular reality show Shark Tank India. Also read | Tips for maintaining a healthy work-life balance

During a recent interview with Humans of Bombay, Namita Thapar expressed her view on work-life balance, saying people who own businesses must work long hours, but ‘common’ salaried employees don’t need to. However, Anupam Mittal had a different viewpoint.

Anupam Mittal on work-life balance
When asked if he believed work-life balance was achievable and his view on the debate around it, Anupam, who is the founder-CEO of Shaadi.com, said, “I think it is a big lie that’s being told to this generation, and I think it stinks because you are not ever going to… okay this is for people who want to achieve something extraordinary in life… you are not going to achieve anything extraordinary in life by counting the hours that you are putting in. Work-life harmony and flexibility, all that I understand.”

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He then spoke about how the productivity in his company has gone up by 30 percent due to a hybrid work model as people get to take care of their personal life while also being available for work from home.

He added, “But simply clocking hours as a means of defining work-life balance is destroying a whole generation. We work 16 hours a day because we believe so much in what we are trying to build; and we never looked at our clocks and watches, although we were on salaries. I think that really builds character, right? When you struggle… success builds ego, but struggle builds character. I think people need to really go all in as far as (possible), if they want to achieve (something) in the early part of their career, when they still have the energy and the clarity in terms of what they want.”

Chiming in, Namita, the CEO of Emcure Pharmaceuticals, said, “This is a crock of bull****. Pardon my language. I completely disagree. I apologise for interrupting you (Anupam).”

Namita Thapar on work-life balance
Namita then explained her position, saying, “Basically this whole discussion and argument that is going on, pardon my language, is a crock of bull****. I will give you three data points, very specific data points. No. 1, when Emcure went public, it was $3 billion, my family owns 80 percent, so imagine the kind of wealth I am making. The founders, set of co-founders and top management, look at the kind of money they are making. Obviously, we could work 20 hours a day, which is what we all do. But the employee? Today, my accountant, he is making a salary, he does not have the upside of putting in that kind of hours. If he is going to put in that kind of hours, my second data point is, he is going to have serious, serious, serious physical and mental health issues.”

She added, “So, I think for founders and high stakeholders, who make tons of money — go for it. Work 24 hours a day forever! But I think for the common man and woman… (there needs to be) a certain number of hours that they are supposed to work, and of course when there are deliverables… people work longer hours, but it is not on a non-stop, standard number basis.”

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Namita also said, “Third thing: For God’s sake, don’t get married and have children because the next generation is suffering because of non-existent parents… just spare them the misery and mental health issues due to having an absentee parent. So, I think for people with high stakes, yes (work long hours), but for common employees, have a reasonable work limit, knowing that there will be some blips during deliverable time, but it cannot be a constant 70-hour work week, which is what a lot of people are proposing.”

Here are a few tips and tricks for work-life balance
A balanced lifestyle is not just a luxury; it’s essential. Finding the right balance between work and personal life is crucial for maintaining a healthy lifestyle, managing stress levels, and promoting better sleep quality. Click here to check out six helpful ways to maintain work-life balance for better mental health.

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Festival

Learn about Christmas 2024’s background, significance, and the reasons it’s observed on December 25.

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Christmas 2024: Know about history, importance, significance of this day and why it’s celebrated on December 25

The birth of Jesus Christ is celebrated on December 25. Find out the history and significance of this day.

Christmas 2024: Christmas is a much-anticipated festival of the year. It is celebrated every year on December 25 to mark the birth of Jesus Christ, the Son of God, as per Christians. The holy day also celebrates his teachings of love, forgiveness, and compassion. This holiday brings families and friends together, celebrating the warmth and cheer of Christmas, from singing Christmas carols to decorating the Christmas tree. Here’s more about the history of this special day.

The Bible does not exactly mention the birth date of Jesus Christ. There’s no specific date or month. It’s very vague. This suggests that the early Christians did not celebrate Christmas and his death and resurrection (Easter). The Bible, as a work of theology, is centred more on the teachings. However, it wasn’t until centuries later that the celebration of Jesus Christ’s birth was formally established with December 25 being chosen. But it was not through any direct Biblical reference but rather it coincides with the Roman winter solstice festival.

Ancient Rome used a different calendar back then so the winter solstice fell on December 25. On this day Romans observed dies natalis solis invicti (birthday of the Invincible Sun) celebrating the end of the winter and resurgence of the sun. This day is special as after winter solstice the days begin to lengthen, marking the ‘rebirth’ of the sun. Early Christians may have chosen December 25 to align with this celebration of light and the ‘rebirth’ of the sun, adeptly symbolizing Jesus as the ‘light of the world.’ Jesus Christ in John 8:12 referred to himself as the light of the world.

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Importance of Christmas
Christmas cheer is enthusiastic and infectious, from celebrating the birth of Jesus Christ to bonding with family, exchanging gifts, and preparing meals together. It is also a day to reflect on and celebrate the teachings of Jesus Christ. Christmas is a widely celebrated festival, across cultures and the globe.

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Sports

Visa problems cause Arjun Erigaisi’s World Rapid and Blitz C’ship trip to the US to be delayed; Grandmaster makes an appeal.

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Arjun Erigaisi’s US travel for World Rapid and Blitz C’ship delayed due to visa issues; Grandmaster issues plea

Indian Grandmaster Arjun Erigaisi launched a plea, asking the US Embassy to look into the matter and “expedite the process.”

Grandmaster Arjun Erigaisi is in big limbo. He has been left high and dry ahead of the upcoming World Rapid and Blitz Championship in New York. The 21-year-old is still waiting for his visa, and he has now taken to social media to launch a plea, asking the US Embassy to look into the matter and “expedite the process.”

In his post, Erigaisi also tagged Union Sports Minister Mansukh Mandaviya and External Affairs Minister S. Jaishankar, asking them for help.

The World Rapid and Blitz Championship is slated to be held in New York from December 26-31. The tournament will also feature chess stars such as Magnus Carlsen, Fabiano Caruana, Ian Nepomniachtchi, and Boris Gelfand.

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Taking to X (formerly Twitter), Arjun Erigaisi wrote, “Last week, I submitted my passport to you (US Embassy) for visa stamping, and it still has not been returned. I request you to please expedite the process and return my passport as soon as possible, as I need it for my travel to New York for the World Rapid & Blitz Championship.”

For the uninitiated, Arjun Erigaisi is looking to secure a spot at the next edition of the Candidates tournament. He is currently in a two-way race with USA’s Fabiano Caruana.

The Candidates is an eight-player event to find a challenger to Gukesh Dommaraju at the next World Chess Championship.

Arjun Erigaisi stated that he had submitted his passport for visa stamping on December 13, 2024.

“My appointment was initially scheduled for December 3. I was not planning to play in Qatar because of this. Then we got to know that it’s possible to pre-pone the appointment. Biometrics was done on November 26, and the visa interview a few days after that. After it was done, I left for Qatar. And when I returned from there, I submitted my passport to the US Embassy,” Arjun told The Indian Express.

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2800 mark in the Elo rating
Erigaisi recently became only the second Indian, after five-time World Champion Viswanathan Anand, to surpass the 2800 mark in Elo ratings.

He also won an individual and team gold medal at the Chess Olympiad in Budapest.

“It’s the World Rapid and Blitz Championship. It’s still a World Championship. Very prestigious. If I do well there, I will have the chance to qualify for the Candidates tournament,” Arjun said.

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