Download How to Make India a Financially Literate Country – Strategies

Journ
al
o
ng
keti
ar
M
unt
cco ing &
fA
ISSN: 2168-9601
Chandra Mohan, J Account Mark 2016, 5:2
http://dx.doi.org/10.4172/2168-9601.1000169
Journal of
Accounting & Marketing
Perspective
Open Access
How to Make India a Financially Literate Country – Strategies
Chandra Mohan S*
Department of Management studies, Sri Venkateswara University, Tirupati, India
Abstract
The Globe is moving around the clock. The clock which is tagged with the fundamental aspects of the society
is working tireless and trying to bring some sense.The one who is unable to sense the tireless meaning are acting
in a stringent direction. Here, the logic to understand about the nature and nurturing attitudes of the people comes
into picture. Many countries like India with the tagline of developing nation trying to empower but, the three aspects
of society like three interim connections of the clock as hours, minutes and seconds-sadism, Leninism and terrorism
respectively are paying convention towards the destination of brand deterioration. Here is the time to expel some of
the routine habits of the regulators towards the upliftment of weaker sections turnd abysmal. The situation of security
and survival become vulnerable some times when regulatory fails to rightly address the problems. Unless and until
the people change their attitude, correcting society and nation will become question mark. Many of the severe
incidents shared the signals of devastation. This attempt probably generates a kind of sense to feel about the nation.
Keywords: Leninism; Convention; Social security; Survival; Attitude
Proud to Share
India is the country with democratic constitution tag. It often
communicates values to the world at a sphere of perseverance and
perfectness. The concept unity in diversity adds some more glamour
to the nation in terms of vast secular practice. The geographical sphere
and history of the land deserves some unprecedented applause where
it intentionally became host for many historians. The people who have
really sacrificed their lives for the sake of mother lands sanctuary and
secularism turned into as the footlayer of the land to cherish their
tributes.But, the present situation is quite opposite to the past [1].
Sad to here
When India declared independent people thought the dream come
true. But, in reality we went back to the decades of ancestors just to
protect ourselves [2]. The very sad moments observed by the nation
under the regime of feudalism, naxalism, terrorism, communalism and
separatism sent the land to dearth conditions. Due to the individualism
covered with greed and selfish nature rich people become richer where
poor ones become poorer. The one more strategically diverted route of
trust and justice by white collar bureaucrats with the cover of corruption
and contingent politics reveals the negative shade of the past. In that list
to share scams, corruption, bribery, money laundering, black money,
corporate frauds etc… comes [3]. With some hope and confidence to
start the future course of action the road map is as follows.
Nation pride
Here are the two reviews for the better connectivity and
comprehension.
Role of Youth in Nation Building [4]
The youth of a nation shapes and moulds its present and paves
the way for its future. The young generation shoulders a huge chunk
of the responsibility of nation building; not the politicians or the
policy makers alone. It would be more accurate to say that the youth
working in tandem with the government decide the fate of a nation
and its coming generations. It is, therefore, important that the voices
of the youth get the right platform. It is necessary that the youth gets to
exercise their freedom of speech, their opinion and their ideas.
So how can the youth help revolutionize the way an entire
J Account Mark
ISSN: 2168-9601 JAMK, an open access journal
generation functions? In what ways can the youth bring about the
much required change?
Youth and Education
The foundation of an entire nation, its economy and consequently
its future depends on how well the youth is educated. In terms of
educational infrastructure, India has been witnessing a massive growth,
but it is not enough. The constitution of India guarantees compulsory
and free education to every child till the age of 14. But, it is hardly a
reality owing to practical hurdles like economic inequality and rising
population. The youth of India needs to be multifaceted with education
remaining at the core of everything. Education empowers you with the
ability to think, to tell the right from the wrong and good from the bad.
In a country like India where “traditions and customs” is sometimes
bigger than humanity itself; education is not an option, it is a necessity.
Youth and Politics
The young generation is no longer turning a blind eye to politics
and government. More and more people from the younger generation
are expressing interests in politics and how the country governed.
According to Census [5], 229 million of the India’s entire population is
the youth. It is, therefore, imperative that their say in who will run the
country and who won’t will make more than just a small difference. If
the 229 million and counting join hands and decide to free the country
of corruption, it is not a task that cannot be achieved.
Youth and Social media
Social media has managed to give the “shy Indian youth” the power
to speak their mind. Voicing ones opinion is no longer a luxury of the
rich and the elite. Anyone and everyone can be heard. You do not need
*Corresponding author: Chandra Mohan S, Department of Management
studies, Sri Venkateswara University, Tirupati, India, Tel: 0877 228 9412 ; E-mail:
[email protected]
Received February 08, 2016; Accepted February 22, 2016; Published February
28, 2016
Citation: Chandra Mohan S (2016) How to Make India a Financially Literate
Country – Strategies. J Account Mark 5: 169. doi: 10.4172/2168-9601.1000169
Copyright: © 2016 Chandra Mohan S. This is an open-access article distributed
under the terms of the Creative Commons Attribution License, which permits
unrestricted use, distribution, and reproduction in any medium, provided the
original author and source are credited.
Volume 5 • Issue 2 • 1000169
Citation: Chandra Mohan S (2016) How to Make India a Financially Literate Country – Strategies. J Account Mark 5: 169. doi: 10.4172/21689601.1000169
Page 2 of 3
to have access to the best academic grooming to be able to come out
and talk about what you feel about any pertinent issue. The youth is
asking questions. The youth is coming out on the streets and protesting
when they have to. The youth is joining hands in solidarity when that is
the need of the hour. A platform this powerful needs to be utilized at its
fullest and the onus lies on the youth of the country
There are so many deep routed issues this country is plagued by. Just
getting educated, involving yourself in politics and making the rightful
use of social media is not going to eradicate every single problem in
this country. This country needs to win over poverty, get access to
proper health care and employment. The responsibility lies with the
privileged to help uplift those that are not. Those who have the access
to better opportunities should come forward and help those who don’t.
History has time and again vouched for the fact the youth collectively
can help achieve the impossible. They are passionate, motivated and
strong willed. If the youth make their voices heard and resolve to make
a change; there is no reason that India cannot be the greatest nation in
the world in every sense of the term.
Youth for Nation-building
Youth represent the most dynamic segment of the population and
are the future of the Nation. India is one of the youngest nations in
the world. About 65% of India’s population is under 35 years of age.
The focus of the Government is on youth-led development. The Youth
should be “active drivers” and not merely the “passive recipients” of
development.
The Government has introduced National Youth Policy, 2014 [6]
with the VISION “To empower youth of the country to achieve their
full potential, and through them enable India to find its rightful place in
the community of nations\. The Department of Youth Affairs has been
implementing various programmes with the objective of developing
the personality and leadership qualities of the youth and inculcating
qualities of good citizenship and volunteerism among the youth.
Proposed recommendation
The main objective of the nation India to connect youth with the
system to tap the gaps in the environment and to carry forward the
vision depicts the intention of the people. It is obviously known fact that,
rural development plays key role in order to get nations development.
The prime factor here is to include the people who are with courage,
commitment, caliber and confidence to work at rural areas. Here is
a recommendation to work towards economic development of the
nation;
Phase: 1
The most commonly used word to denote the economic status of
the nation like India by economists is as under developing. It might be
a probabilistic and projected, but one should understand the number
of HNIs living in India and their growth rate which is even higher than
the world’s rate. The stories of lessons from the three major economies
as indicators of growth like agriculture, production/manufacturing
and service segments history gives us insights to get an idea about the
glory days and the second side of the economy with some troubles
and struggles. The situation emphasizes the need for neglected
encouragement.
Phase: 2
As per the existed system and statistics it is clearly known fact of
mislead with more than 50 percentage and even more respect to the
subject of segment. With the help of the above proposed system of
bureaucracy, if we could able to reduce at least 30 percentage of the
mislead from the areas like;
PDS system - (Public distribution system),
Subsidies -(Either by the state govt. or by the central govt.),
Sponsored schemes - (Either state govt. or Central govt.
Sponsored) and
Black Marketing
It helps India really to become financially a self-sustainable
economy (Figure 1).
TEAM OF VILLAGE DEVELOPMENT (TVD)
AGRICULTURE
Mgr.
INFRASTRUCTURE
Mgr.
HEALTH& EDUCATION Mgr.
ONE
ONE
ONE
STATE
MINISTRY
ONE
CENTRAL
MINISTRY
ONE
STATE
MINISTRY
STATE
MINISTRY
ONE
CENTRAL
MINISTRY
ONE
ONE
CENTRAL
MINISTRY
ONE
Figure 1: Team of village development.
J Account Mark
ISSN: 2168-9601 JAMK, an open access journal
Volume 5 • Issue 2 • 1000169
Citation: Chandra Mohan S (2016) How to Make India a Financially Literate Country – Strategies. J Account Mark 5: 169. doi: 10.4172/21689601.1000169
Page 3 of 3
Phase: 3
The main theme behind this idea to follow as follows;
Selecting three individual graduate or post graduates of the village
Assigning them responsibilities like, agriculture, infrastructure and
health and education.
Having a kind of monitoring through state level authorities.
The final confirmation and approval will follow from the centre.
Decision making and power influence should lie in the hands of
central team members.
The process will be processed directly from the team of village
development members.
Conclusion
The process of implementing some strategic plan definitely requires
some extra energy and excellence along with support and sense. When it
comes to the society, it always specially focuses on the side of negatives.
If the result convinces them in a comprehensive manner automatically
the attitude of the people takes u- turn. But it is not an easy job; it is a
kind of challenge for the bearers. The time when it turns reality we don’t
find any boundary for our happiness. Surely a transparent, genuine and
open minded personality with flexibility and acclimatization can lead
the force towards success. This particular reason suggested me to select
youth as development drivers of the nation. It is our responsibility to
mould, guide and support them.
References
1. (2016) Ministry of finance reports.
2. (2014) Scams in India.
3. (2012) Black money in India.
4. (2015) Role of youth in nation building.
5. (2011) Census.
6. (2014) National youth policy of India.
OMICS International: Publication Benefits & Features
Unique features:
•
•
•
Increased global visibility of articles through worldwide distribution and indexing
Showcasing recent research output in a timely and updated manner
Special issues on the current trends of scientific research
Special features:
Citation: Chandra Mohan S (2016) How to Make India a Financially Literate
Country – Strategies. J Account Mark 5: 169. doi: 10.4172/2168-9601.1000169
J Account Mark
ISSN: 2168-9601 JAMK, an open access journal
•
•
•
•
•
•
•
•
700+ Open Access Journals
50,000+ editorial team
Rapid review process
Quality and quick editorial, review and publication processing
Indexing at major indexing services
Sharing Option: Social Networking Enabled
Authors, Reviewers and Editors rewarded with online Scientific Credits
Better discount for your subsequent articles
Submit your manuscript at: http://www.omicsonline.org/submission
Volume 5 • Issue 2 • 1000169