Fourth Industrial Revolution: India's journey to becoming an IT hub

- The Conundrum of Economics - Dhawal Mehta

- In terms of GDP, India has become the second largest country after America

One of the biggest impacts of the Prime Minister's recent visit to the US is that the computer chips industry in India will continue to flourish. India's IT is getting ready for its projects but there are hurdles to overcome. Industry will be at the center of economic progress.

About 150 years ago, the industrial revolution began in India, and the steel and textile industries grew tremendously, so much so that Ahmedabad was once considered the Manchester of India. Similarly, IT in India during this fourth industrial revolution. And other industries related to it (eg, artificial intelligence-related devices) will flourish like in Taiwan, it seems from talks with Modi and US businessmen. India is constantly harassed by China over the border issue and India has to spend heavily to protect the Indian border with China. Due to strong India-US relations, China will also get a signal that now Hindi-China are not brothers but India-US will become brothers. However, India's relations with Russia show that India wants to have a foothold in both milk and curd, America does not like the fact that India sells Russia's crude oil at a cheap price and India buys weapons from Russia.

India and America will also reduce the taxes on each other's exports and imports (Export and Import Tariff), but Indians have not paid enough attention to one thing in all this.

* Economics of America, China and India:

America is the supreme power in the world and it is also a superpower in terms of CCTV. According to the IMF statistics, the GDP of America is E.S. In 2023, the total income of the world is 105 trillion dollars, in which the GDP of America was 26.3 trillion dollars. The population of America is between 33 and 34 crores and the average per capita income of American citizens was around 80,000 dollars. China's GDP was $19.37 trillion divided by its population of 142 million, China's average per capita income was $13,720, and India's total GDP was $3.47 trillion, divided between its population of 141 million (now slightly larger than China's population). It was 2660 dollars. Where is America's per capita income of 80,000 dollars and where is India's income of 2660 dollars? It is not possible to say to America from India that come brother Harkha, we are equal. In terms of purchasing power parity, China's income was not 13,720 dollars but 23,380 dollars and India's was not 2660 dollars but 9000 dollars. America has revolutionized IT. America did not build any colonies like Britain. Its culture is not colonialism because America itself was a colony of Britain.

Since India is a religious and spiritual country and now a great wave of religion has started in India, the scientific way of life is being dominated by the religious way of life. Of course, the statement that the West is victimizer while India is abstinence is a matter of concern that corruption is going on in India and it is rampant in India regardless of which party is in government. And think India's rationalists (brilliant group of people) from the West who built welfare states. The belief that India is a Jagadguru is not true because of the corruption of its political parties.