• India CSR Awards 2025
  • Guest Posts
Friday, August 29, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home Articles

India’s aspiration to become an economic superpower and All-round Growth

India CSR by India CSR
January 10, 2022
in Articles
Reading Time: 4 mins read
Rusen Kumar - CEO- India CSR (Photo: India CSR)

Rusen Kumar - CEO- India CSR (Photo: India CSR)

Share Share Share Share

By Rusen Kumar

It is heartening to listen to the commentary of economic pundits on how India is going to be an economic superpower by 2050. India is expected to become the world’s third-largest economy just behind the United State of America and China, cornering almost 7% of the world economy.

As per the first advance estimates by NSO (National Statistical Office release, India’s economy is expected to grow 9.2% in the current financial year, aided by the base effect of 7.3% contraction last year.

Economists see a downward bias to the growth estimates, as the data may not fully capture the impact of the ongoing third wave, a possibility acknowledged by the statistics office.

The estimates are likely to undergo revisions as more data become available, the statistics office said, adding that these are early estimates.

As per estimates of even renowned economists, India needs to grow at over 9% for many years to come, to cross the immediate milestone of becoming a USD 5 trillion economy by 2025 and USD 10 trillion economies by 2030.

There are optimists and there are pessimists.

With India’s huge population, the increasing buying power of its massive middle class, there is no stopping India from becoming a USD 5 trillion economy in the next 3-5 years.

However, I wonder, why are we so obsessed with GDP growth. Is the measure of GDP a correct assessment of a country’s growth, the well-being of its people?

Does it put an end to poverty? Does it ensure the basic needs of people are being met? Is every child being educated?

Here comes the role of what is called HDI (Human Development Index). Human Development Index takes into account many parameters for measuring and ranking countries according to their social and economic development.

Some of these parameters include Gross National Income per capita, the life expectancy at birth, expected year of schooling and mean years of schooling.

The Human Development Index (HDI) is an index that measures key dimensions of human development. The three key dimensions include firstly, a long and healthy life that is measured by life expectancy.  Second is the access to education which can be measured by expected years of schooling of children at school-entry age.

And finally, the mean years of schooling of the adult population and a decent standard of living – measured by Gross National Income per capita adjusted for the price level of the country.

Even as we aspire to become fifth, fourth, or even the third-largest economy in the world, we rank dismally low at 131 globally,  a couple of ranks lower than the previous year.

One of the major causes of such poor raking is the huge disparity among various states in India. Whereas India had an HDI score of 0.504. Among Indian states, Kerala (0.625) has the highest HDI in the country, followed by Punjab (0.569). The states at the lowest rung include Orissa (0.442), Bihar (0.447) and Chhattisgarh (0.449).

It is ironic that Indian states with the most abundant natural resources like Odisha, Bihar and Chhattisgarh fare so poorly – is it the curse of natural resources. Globally it is believed that countries with maximum natural resources tend to grow much slower than those with the least natural resources.

This may be a forced rationale. How can one justify it even three-quarters of a century after the country achieved its Independence? The disparity gap needs to be addressed. If the curse of natural resources is indeed true for Indian states, there is a strong case for addressing this misfortune.

Fortunately, there was a positive statement by the concerned minister in Lok Sabha, when he said, “Efforts are on to improve India’s rank in key global indices.”

The key ministries which were referred to and are being closely watched include the ministry of health and family welfare, the ministry of education, the ministry of finance, the ministry of women & child development and the ministry of skill development & entrepreneurship.

India can learn from examples of other countries like Norway, Australia, Denmark, Sweden, Germany, and closer home, even Hong Kong. We can aspire to aim for comprehensive growth, wherein we do not only grow financially, but we also grow on all human development parameters including life expectancy, education, and per capita income so that we can ensure inclusive growth.

Evolved countries are moving on from HDI to Happiness Index. I feel both are inter-linked. An all-around growth will help enhance the Human Development Index as well as the happiness Index of the Indian populace.

About the Author

Rusen Kumar is the founder and CEO of India CSR – The CSR Informer of India. He regularly writes on CSR, Sustainability and Environmental affairs. He brings an understanding of governance, leadership development, social development, human development, and strategic focus by serving boards. His leadership accomplishments in social enterprise, planning, and governance range from viable achievements in knowledge forum initiatives to advancement of corporate social responsibility issues in India. He can be reached at rusenk@indiacsr.in

IndiaCSR Whatsapp Channel
I AM PEACEKEEPER MOVEMENT
ADVERTISEMENT
India CSR Awards 2025
ADVERTISEMENT
FKCCI CSR & Sustainability Conference 2025
ADVERTISEMENT
National STEM Challenge 2025
ADVERTISEMENT
Source: India CSR I January 10, 2022
Tags: Economic DevelopmentHuman Development Index (HDI)Rusen Kumar

India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

Why India Needs Smart, Sustainable, and Regionally Inclusive Parks
Articles

Why India Needs Smart, Sustainable, and Regionally Inclusive Parks

2 days ago
Corporate Social Responsibility
Articles

Redefining Responsibility: How Global Regulations Are Shaping the Future of CSR Transparency

3 days ago
Lodha envisions carbon neutrality in operations by 2035, Says Abhishek Lodha, MD & CEO, Lodha Group
Articles

India, STEM, CSR, and Lodha’s Commitment to Mathematics

1 week ago
Gadchiroli
Articles

Gadchiroli’s Next Chapter: Inclusive Growth and the Making of an Inclusive Economy

2 weeks ago
India philanthropy
Articles

From Counting to Caring: Why Indian Philanthropy Must Invest in Trust, Not Just Outputs 

3 weeks ago
Sustainability
Articles

How Project Management Can Ensure the Achievement of Environmental Goals for India’s Green Wall Initiative

3 weeks ago
Load More
I AM PEACEKEEPER
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
National STEM Challenge
ADVERTISEMENT

LATEST NEWS

Harish & Bina Shah Foundation to Give ₹100 Crores to Advance Girls’ Education

Hindustan Zinc Partners with Epiroc to Advance Digital Safety Technologies in Mining

हिन्दुस्तान जिंक ने एपिरोक संग साझेदारी से माइनिंग सुरक्षा बढ़ाई

Chhattisgarh Demands Return of Wildlife from Ambani’s Vantara

RBI Absorbs ₹1,83,26,34,20,000 Liquidity Through Operations on August 27

How Cushion Covers Can Help Elevate Your Home Interior

TOP NEWS

RBI Absorbs ₹1,83,26,34,20,000 Liquidity Through Operations on August 27

Grand Continent Hotels CSR Spending Report of Rs 4.79 Lakh for FY 2025

CSR: Essar Foundation supports Team India for the World Youth Scrabble Championship 2025

Peace A Shared Responsibility: Dr. Huzaifa Khorakiwala

CSR Funds Misused: Income Tax Probe Reveals ₹5,000 Crore Sent Abroad for Diamond Smuggling

हिन्दुस्तान जिंक ने बाघदर्रा मगरमच्छ संरक्षण रिजर्व में शुरू किया पौधरोपण अभियान

Load More
STEM Learning STEM Learning STEM Learning
ADVERTISEMENT

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media R2V2 Technologies Private Limited

Interviews

Jayatri Dasgupta, CMO of PayNearby and Program Director of Digital Naari
Interviews

Empowering Rural Women: An Interview with Jayatri Dasgupta, CMO, PayNearby & Program Director, Digital Naari

by India CSR
August 27, 2025

Empowering Women at the Last Mile: A Conversation on Digital Naari’s Social Impact By Rusen Kumar NEW DELHI (India CSR): Jayatri...

Read moreDetails
Dr. Huzaifa Khorakiwala

Peace A Shared Responsibility: Dr. Huzaifa Khorakiwala

August 23, 2025
Dr. V. Kumar - Director of The Lodha Mathematical Sciences Institute (LMSI) Mumbai

Mathematics Will Drive India’s Development: An Exclusive Interview with Prof. V. Kumar Murty

August 22, 2025
Elevate 2025: Music, Movement, and Mentorship Shaping Tomorrow’s Leaders

Elevate 2025: Music, Movement, and Mentorship Shaping Tomorrow’s Leaders

August 14, 2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
×
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.