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Business, Economy,

What can India learn from the US, China, and Japan to raise its GDP to $5 Trillion?

 

India is aiming to a $ 5 trillion GDP nation within the coming five years. Narendra Modi and his ministers have categorically told this before the Loksabha election 2019 and reaffirmed this on June 10. In a meeting with top 100 bureaucrats including all departmental secretaries, Prime Minister Narendra Modi cleared his intention to drive India to a $5 trillion economy. India has to learn from the past experiences of several developed nations like the US, China, Japan, Germany, and Israel to achieve its target of $5 trillion GDP.  

India GDP

India GDP                                                                                                                                            Source- The Wealth Ved

Piyush Goyal, the then finance minister of India, in his interim budget speech, has declared the goal to achieve it by 2024. In addition, he had a target of $ 10 billion GDP by 2032, the next eight years. BJP election manifesto has also supported the idea and documented a policy draft and road map for the same. Again, Prime Minister’s meeting with top bureaucrats on June 10, in the presence of his senior colleagues Amit Shah, Union Home Minister, Rajnath Singh, Union Defence Minister, N Sitaraman, Finance Minister and Jitendra Singh, PMO emphasized on the goal to drive India to a $5 trillion economy.  

Vardhaman Infotech, a tech company,  congratulates the PM and his cabinet for taking such decision to raise GDP India to $5 trillion! We wish the realization of the same and pledge to contribute our best.

Business, Economy,

Driving India to a $5 Trillion and $10 Trillion Economy: Modernization and Digitization

Modi 2.0 has cleared its agenda to drive India to a $5 trillion economy in coming 5 years that is by 2024. Technology, digitization, and modernization shall have a great role in pulling up the economy to $5 trillion levels. Certainly, there will be a great role of IT in this economic pull-up.  Additionally, BJP election manifesto 2019 focuses on a $ 10 trillion economy by 2032.  At present, India is an economy of about $ 2.6 trillion. So, it needs to about doubling its economy within 5 years and quadruple by the next eight years. Presently, only the US and China are in $10 trillion club. In addition, Japan, the only country, has $5 trillion in GDP.  

World's biggest economies in nominal GDP 2019-20

World’s biggest economies in nominal GDP 2019-20India has shown great results in the economic front in the last decades. However, it is far behind China in GDP growth. In fact, only China had been doing better than India in the economic front and GDP growth. Now, India is number one in growth rate beating China. Surely, India will be the 4th largest economy in the world beating both the UK and Germany by 2024.  For this, Modi 2.0 has not only to maintain the growth rate but also to accelerate it at least 2 to 3 percent. Again information technology has to play a great role in this acceleration besides other measures.

 

Blockchain, Business,

Blockchain New Business Opportunities Ideas And Applications 2019

 

As the blockchain is the new buzz in the technology world, the million dollar question is how to get benefit from this. so you need new ideas for your business, blockchain new ideas! whether you are in a small business or a big one blockchain technology provides several opportunities if you have some ideas. The ideas are important here in 2019 to build blockchain applications for your big or small businesses. This ideas and business opportunities are goldmines, so don’t ignore it.

Bitcoin is the pioneer in this industry. It has emerged to successfully challenge the dominance of fiat currencies. Later on, large numbers of other cryptocurrencies came to play in the currency ground. Blockchain companies and businesses are continuing with the trend and there are several cryptocurrencies yet to come!

Bitcoin Etherium, Cryptocurrencies

Bitcoin and Etherium, Cryptocurrencies   Source- Pexel

For example, Smart Contracts, Banking, Healthcare, Insurance, Internet of Things, Identity management or KYC, Food, Rideshare or Taxi,  and Safety are some of the industries and businesses having great opportunities in 2019. Yes, these are only examples. Blockchain technology is propagating with more and more business adopting its applications. Moreover, it is continually transforming from geek tech to mainstream acceptance.

Blockchain technology and it’s business applications have already started disrupting various industries. Do you know what is blockchain and how the technology has been disrupting business through its applications? We will try to discuss the matters para by para in this blog and provide you with some blockchain new ideas in 2019. Don’t worry, even if you are a small business, blockchain applications give you an opportunity too, if you have a great idea! Stay tuned with us till the end.

Benefits of Outsourcing
Business, Mobile Application Development, Website Development,

Benefits Of Offshore Outsourcing Website And Mobile App Development!

As a modern entrepreneur, you are aware of the benefits of offshore outsourcing. When you run a business, there are various aspects you need to take care of the like business concept. Moreover, you have to look after financial features, market, management, customers/clients, promotion, facilities, location, and what not. You must be aware of the online marketing world which is now very important for the success of any business. As internet is grown a complete business world in itself, every entrepreneur wants to socialize, popularize his or her business through websites and mobile applications. Here, we explain the benefits of offshore Outsourcing website and mobile apps development.