Self Reliant India

Constant Innovation is very important for any country. For plans like self reliant India constant innovation is very important which will help in development. India holds the 48th position in the list of the most innovative countries in the world. Switzerland and Sweden holds 1st and 2nd position respectively. These two are the most innovative countries in the world. The country with most innovation hold's most respectable position globally.      Innovation will make sure that India should rely on its own technology and products for ful fuillment of its needs. Today it can be very dangerous if you depends upon any other country for innovative products and technology. Self Reliant India can be achieved by turning India into a innovative hub and for this proper education system and policies need to adopted and followed which can bring the difference and can produce people with innovative mind set.

 MSME means Micro,Small and Medium Enterprises. It is one of the most dynamic sector of the Indian economy from the last four to five decades.MSMEs are complementary to large industries and they provide socio-economic development of the country. Government of India is now focusing heavily on development of MSME sector because they can act as a wheel for India's overall growth and development. Worldwide, MSMEs have been accepted as the engine of economic growth and for promoting equitable development.They constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth.With low investment requirements, operational flexibility and the capacity to develop appropriate indigenous technology, MSMEs have the power to propel India to new heights. It is the second largest employment generating sector after agriculture in India. It provides employment to more than 120 million people in India. With around 36.1 ...

The dream of self reliant India can be ful fuiled by making India a manufacturing hub globally. After Covid-19 Crisis various companies are thinking of shifting their manufacturing unit from China to India. China who currently holds the top position in this segment. Through making India a manufacturing hub the dream of self reliant India can be achieved easily. The biggest hurdle in making India a manufacturing hub is the rules and regulations for registration and various other kind of works. Various companies complain about the procedure which is being followed for registration and other work. The government should look into this situation and try to put minimum load on the companies for rules and regulations. Government should not loss this opportunity which arise due to the covid-19 crisis and should minimize the paper work and etc problem causing elements. Apart from government this programme need support from people as well. Making manufacturing hub not only by inviting foreign co...

  Foreign exchange reserves is very important for any country to maintain, it is very important for any country to survive Internationally. Foreign exchange reserves are cash and other reserve assets (especially gold)  held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. In India Reserve Bank Of India is the institution who takes care of the foreign reserves.  Foreign exchange reserves is also known as also called Forex reserves or FX reserves. It depicts how much the capacity a country holds in paying off its debts. Apart from debts payment it also show the financial position of a country Internationally. Adequate foreign reserve show the country is financially strong and stable. The countries who hold the top 10 positions in maintaining the foreign reserves are China, Japan,Switzerland,Russia,India...

 Research and Development is of huge importance for any country. For Self Reliant India R&D is very important and we need to focus on Research and development to make this a reality. R&D comprises of overall economy each and every section of economy not any single section or single domain.  Today India is very good in space programme. Its space organization ISRO is one of the most prestigious space orgainzation in the world but when we compare ISRO with NASA, we can find out NASA is ahead of ISRO, so here the need of R&D arises. R&D is very important in Agriculture sector also. India is a agriculture based economy from independence and major portion of India's export comprises of agricultural product but when we talk about technological aspect we are far behind many countries. R&D is very important for any country and it is a strong pillar for self reliant India.

  A entrepreneur is a individual who sets up any business and taking up financial risk with the hope of earning profit. Pre independence India was a agriculture based economy and the situation remain same after independence but now the situation is changing. Now from some survey it is been found out that most of the people in India now like to work as an employee in any organization with good pay package,but at the same time India also requires businessman and entrepreneurs who provides job to people. According to quote by the founder of Ali Baba group Mr. Jack Ma, a individual can become an entrepreneur in two ways  1) By working for himself  2) By working for society The best way a individual can become entrepreneur is by working towards the society. This means by working for people in the society. An individual can become successful entrepreneur if he/she follow's the problem solving approach. A entrepreneur should try to find out problems in the society and should att...