Jakarta, CNNIIndonesia —
India is celebrating its 75th anniversary of independence today, Monday (15/8). India is known to be independent from colonialism English in 1947.
As reported BritishThe British themselves ruled India for 190 years.
During a speech celebrating India’s independence today, Prime Minister Narendra Modi said his country would become a developed country in 25 years.
“We have to make India a developed country in 25 years, in our lifetime. This is a big resolution, and we have to work to achieve it with all our might,” Modi said as quoted by Reuters.
economic development of india
Currently, India is one of the 20 countries in the world’s largest economy, also known as the Group of 20.
India’s current economic progress has leaped rapidly from the time when India had just gained independence.
As reported CNNthe average life expectancy in India a few years after independence was only 37 years for men and 36 years for women.
Not only that, only 12 percent of educated Indians at that time. Meanwhile, India’s gross domestic product (GDP) has reached US$20 billion (294 trillion rupees).
Even so, India has grown to become the country with the largest economy in the world today. The GDP figure of the country is also close to US$3 trillion (44,225 trillion rupees).
The World Bank has even raised India’s status from low-income country to middle-income country. Countries in this classification have a gross national income per capita between USD 1,036 (IDR 15.2 million) and USD 12,535 (IDR 184 million).
Not only that, the number of educated Indians has also increased to 74% for males and even 65% for females. Life expectancy in India has also increased, reaching 70 years.
India’s transformation was caused by the “reformist breakthrough” that occurred in the 1990s. At that time, Prime Minister PV Narasimha Rao and Finance Minister Manmohan Singh opened India to foreign investment .
This opening was made after India experienced a debt crisis and high inflation.
The openness of investment in India drives the growth of the country. India is now home to over 100 billionaires.
This figure has increased considerably compared to the millennium. At that time, there were only nine billionaires in India.
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