India in 2030

We all know that India is developing at a very fast pace.

Focus of our honorable PM Mr. Narendra Modi on 'Make in India' is a great initiative. The focus of Make In India programme is on creating jobs and skill enhancement in 25 sectors.

These include: automobiles, aviation, chemicals, IT & BPM,pharmaceuticals,construction,defence manufacturing, electrical machinery, food processing, textiles and garments, ports, leather, media & entertainment, wellness, mining, tourism and hospitality, railways, automobile components, renewable energy, mining, bio-technology, space, thermal power, roads and highways and electric systems.

India being a youthful country full of young brains, many innovations are coming up which are helping in enhancing our country's economy and development of our nation.
 Combined with this, the emphasis on development of skilled manpower on a mega scale and making use of most efficient technologies, India would be a country to reckon with in 2030.

Indian Economy

Indian Economy

The economy of India is the 7th largest in the world by nominal GDP and the 3rd largest by Power Parity. India became the world's fastest growing major economy from the last quarter of 2014, replacing China. The long term growth perspective of the Indian economy is moderately positive due to its young population. India has the potential to become third largest economy by the next decade.

India is having one of the fastest growing sectors in the world with the annual growth rate of about 9%. We know that India is an agro-based country. India also ranks second in worldwide farm output. Due to innovations coming up one after the other the agricultural sector will soon be experiencing a technological revolution, which will surely make us rank  the first in worldwide farm output.

The industrial sectors and the service sectors are also growing very rapidly. Due to the introduction of IT sector, the employment opportunities have gradually increased, the employment % of the service sector is growing very rapidly. India's Industrial manufacturing  GDP output in 2012 was the 10th largest in the world. It is sure that with the introduction of 'Make in India' program, investments in our country will surely be increasing and by 2030 our economic sectors will be developed and will make our country one of the world's best economic powers.

Alternate Energy Sources

India is among one of the countries having high potential for the development of alternative energy sources. India was the first country in the world to set up a ministry of non-conventional energy resources, in the early 1980s. India's cumulative grid interactive has reached 33.8 GW, of which 66% comes from wind, while solar power contributes nearly 4.59% along with biomass and small hydro power of the renewable energy installed capacity in India.

 Major Renewable Energy sources:-
1. Wind Power
  2.  Solar Power  

Wind Power:-

 The development of wind power in India began 1990s, and has significantly increased in the last few years. Although a relative newcomer to the wind industry compared with the Denmark or the US, domestic policy support for wind energy has led India to become the country with fifth largest installed wind power capacity in the world. As of December 2013 the installed capacity of wind power in India was 20149.50 MW.

With the increasing focus on renewable sources of energy due to initiatives like Make In India, Wind Power is likely to become a developed energy resource, having a share of more than 50 % in the major energy sources in India.

Solar Power:-

India is densly populated and has a high solar insolation, an ideal combination for using solar power in India. A 35,000 km²  area of the Thar desert has been set aside for solar power projects sufficient to generate 700 to 2,100 gigawatts. Announced in November 2009, the Government of India proposed to launch its Jawaharlal Nehru National Solar Mission under the National Action Plan on Climate Change with plans to generate 1,000 MW of power by 2013 and up to 20,000 MW grid-based solar power, 2,000 MW of off-grid solar power and cover 20 million sq metres with collectors by the end of the final phase of the mission in 2020.

With the increasing focus on renewable sources of energy due to initiatives like Make In India, Solar Power is likely to another  developed energy resource having a major share in the  energy sources in India.