India is 102nd COVID – 19 affected country in the world and expected to leap back to growth and prosperity.

India is accounted for the world's 102ndposition of deaths at 195,123, according to the world meter report. There is unnecessary panic in everyone and this is causing more harm than good.

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India is 102ndCOVID - 19 affected country in the world and expected to leap back to growth and prosperity the policy times

Let us analyze the anomaly in the present Covid situation. First the way it is informed on a minute-by-minute commentary and second on a proper analysis based on the same data. The way we are informed is the second wave of Corona continues to wreak havoc in India. In the country, more than 3 lakh new cases of corona are coming out every day for the last 5 days. To reduce the havoc Corona lockdown in many parts of the country (Lockdown) apply restrictions as yet been no decrease in cases. Meanwhile, on Monday, Corona once again destroyed all the old records. In the last 24 hours, more than 3.54 lakh new cases of the corona were reported in India.

India is 102ndCOVID - 19 affected country in the world and expected to leap back to growth and prosperity. THE POLICY TIMES With this, the number of infected people in the country has increased to 17,313,163 and so far 195,123 people have become victims of this deadly virus. Corona has 2,813,658 active patients in India and 14,304,382 patients have been cured after treatment.

On the other hand, the Health Ministry said that 74.53% of the cases facing the country in one day are being registered in 10 states including Maharashtra, Uttar Pradesh, and Delhi. According to the ministry, Karnataka, Kerala, Chhattisgarh, West Bengal, Tamil Nadu, Gujarat, and Rajasthan are the other states in the list of 10 states.

The ministry said that Maharashtra, Uttar Pradesh, Delhi, Karnataka, Chhattisgarh, Madhya Pradesh, Kerala, Gujarat, Tamil Nadu, Rajasthan, Bihar, and West Bengal are witnessing an increase in daily cases of COVID-19.

Now let us analyze the same data. As per global figures:  Up to April 26, 2021, there were around 195,123 recorded COVID-19 deaths. That is about 140 deaths per million. By comparison, several European and have reported over 1,500 COVID-19 deaths per million and similar are US figures.

The national death rate is falling and at present, it is 1.13%.

Rarely has the threat of disease occupied so much of our thinking. For weeks, almost every newspaper has stories about the coronavirus pandemic on its front page; radio and TV programs have back-to-back coverage on the latest death tolls; and depending on who you follow, social media platforms are filled with frightening statistics, practical advice, or gallows humor.

India is accounted for the world’s 102ndposition of deaths at 195,123, according to the world meter report. There is unnecessary panic in everyone and this is causing more harm than good. This is causing hoarding of drugs and misuse of valuable medical resources. The common men to understand the intensity of infection and its symptoms and precaution. It will help common people to understand the threat level of virus in society and counsel him that it’s with everyone, rather than only with him. He will adopt the necessary precautionary measure to avoid infection from illness by getting proper and reliable information from time to time. The government will also get an idea of common man psychology, problems, and worries of ordinary people to formulate a better and effective strategy.

As others have already reported, this constant bombardment can result in heightened anxiety, with immediate effects on our mental health. But the constant feeling of threat may have other, more insidious, effects on our psychology. Due to some deeply evolved responses to disease, fears of contagion lead us to become more conformist and tribalistic, and less accepting of eccentricity. Our moral judgments become harsher and our social attitudes more conservative when considering issues such as immigration or sexual freedom and equality. Daily reminders of the disease may even sway our political affiliations.

Place Country Confirmed Cases Deaths Fatality Rate

(in %)

Deaths per 100,000 Population
1 Hungary 769,518 26,625 3.5 273
2 Czech Republic 1,619,383 28,962 1.8 271
3 San Marino 5,047 89 1.8 263
10 Belgium 974,418 24,024 2.5 209
12 Italy 3,962,674 119,238 3.0 198
13 UK 4,420,443 127,661 2.9 191
14 Brazil 14,340,787 390,797 2.7 185
16 USA 32,077,178 572,200 1.8 174
21 Spain 3,468,617 77,591 2.2 165
23 France 5,559,121 103,017 1.9 154
34 Switzerland 646,509 10,570 1.6 123
45 Germany 3,306,692 81,671 2.5 98
47 South Africa 1,575,471 54,148 3.4 92
58 Russia 4,708,640 106,434 2.3 74
62 Canada 1,186,991 23,950 2.0 64
97 UAE 510,738 1,571 0.3 16
102 India 17,313,163 195,123 1.1 14

Opportunities in India

A young India, with a large digitally-enabled middle class, is asking for growth and change. Without building the skills and capabilities necessary to drive innovation, the nation risks stagnation. However, if India can create capabilities for growth and new solutions, the opportunities, both at home and abroad, are limitless. Future of India – the Winning Leap is driven by the belief that India can build shared prosperity for its 1.39 billion citizens by transforming the way the economy creates value. Corporate India has a critical role to play in this story, not only by creating value by addressing key societal needs but in supporting a vibrant entrepreneurial sector. Additionally, it needs to partner with the government in order to implement new developmental approaches.

The key sectors such as education, healthcare, agriculture, financial services, power, manufacturing, retail, urbanization, digital and physical connectivity suggest that new solutions are necessary for each sector. These Winning Leap solutions will enable sectoral growth with a fraction of the resources to attain desired outcomes. As the world increasingly confronts technological change and sustainability challenges, we believe India and the winning Leap can offer an exemplar for other growth markets. Our report also outlines how the government will need to create national platforms and improve the ease of doing business.

In its seventh decade of independence, India stands on the cusp of major change: a transformation that could lead to unprecedented economic growth paired with radical improvements in the nation’s Human Development Index (HDI).

India to increase its GDP by 9% per year to become a US$10tr economy over the coming two decades. The nation needs to create 20 -25m jobs every year in the coming decades to provide quality of life for its growing population. Young Indians, particularly members of the emerging middle and the middle class—billion strong by 2034—have rising aspirations.

They are also more empowered to demand change, thanks to ever-greater access to the internet and mobile connectivity. The recent electoral mandate for development is a more immediate signal of Indians’ desire for growth and for the benefits of growth to be extended to all members of society.

Breaking new ground by deploying solutions for rapid, sustainable, and resource-efficient growth; a play-to-win approach by young and growing nations seeking a radically different development path; a phrase denoting small steps by millions of people that can culminate in a giant leap forward for their nation; a phrase that citizens, entrepreneurs, business leaders, investors and government leaders associate with a ‘once-in-a-lifetime opportunity to lift millions into prosperity; an approach that industry leaders can use to build new capabilities for profitable growth; a state of mind focused on possibilities while recognizing roadblocks in solving a wide set of challenges facing a nation 9% GDP growth rate with a percapita income rising from US$1,500to just under US$7,000 per year will boost the quality of life for more than 1.39 bn citizens.

This would be the largest national development effort and democracy has ever attempted. Reaching this goal will call for a concerted effort—from businesses, entrepreneurs, investors, and government leaders. It will also require new solutions collectively term the Winning Leap.

India’s private sector—established corporations and entrepreneurial companies alike—can play a key role in developing and deploying winning Leap solutions. The private sector is more nimble than the government and social sectors in terms of its ability to craft new business models and strategies and leverage new technologies. Given their experience with globalization, these companies are well-positioned to learn from and experiment with best practices developed by their global peers. International companies looking to participate in high-growth markets are equally well equipped to develop relevant solutions.

This growth journey will also require public-private partnering in its broadest sense. To support progress in a number of sectors, the government will need to continue building national platforms such as improved roads, ports, and physical connectivity as well as better digital infrastructure. If India can achieve a 9% per year growth trajectory, its economy would become the world’s third-largest in 2034.

This achievement would create world-class companies originating in India that develop capabilities essential for other high-growth markets as well. These companies could successfully serve India’s already large and growing domestic market while also competing on the global stage.

The report says that at least ten Indian companies will find a place among the global top 100by size and scale if the nation can achieve its US$10trillion GDP aspiration. These industry champions will not only demonstrate unprecedented growth themselves but also build new capabilities essential for ongoing innovation of new products, services, and business models.

To foster the emergence of such world-class Indian companies, India’s private sector will have to invest more in research and development (R&D), particularly for solutions to challenges facing emerging markets, where India has already established a leadership position. Indeed, our economic model shows that India’s WinningLeap will require an increase inR&D spending from 0.8% of GDP to 2.4% in 2034.

We have to take cognizance of four important factors for the leap to happen. Firstly, harnessing the untapped potential of the nation and we need to understand the demographics of the country. Secondly, understand the advantage of value and valuation of infrastructure thereby yielding higher returns and we need to look at the way global markets and the regulatory environment is moving. The third aspect is upgrading the Skills and Training to adopt the technology required to create a skilled workforce. And lastly, we need to permeate into untouched rural markets.


By,
Dr. P. Sekhar,
Chairman,
Unleashing India,
Global Smart City Panel,
MTGF

Dr. P. Sekhar the policy times


 

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India is 102ndCOVID - 19 affected country in the world and expected to leap back to growth and prosperity.
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India is accounted for the world's 102ndposition of deaths at 195,123, according to the world meter report. There is unnecessary panic in everyone and this is causing more harm than good.
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THE POLICY TIMES
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