Indian Economy

 Strengths of Indian Economy After several(prenominal) decades of sluggish growth, the Indian parsimony is now amongst the fastest growing economy in the world. economical growth is currently 8-9%, second only to China. Despite several  problems facing the Indian economy many economists point to authorization strengths of the Indian economy which could enable it to pass off to benefit from postgraduate levels of economic growth in the future. 1. Demographics of India are favourable. India still has a  positive birth ordinate meaning that the size of the manpower will continue to grow for the foreseeable future. (unlike India) A go up workforce helps to increase saving and investment. It also enables increased productivity. 2. in that location is much scope for increases in efficiency. The infrastructure of India is so detrimental in places that even moderate improvements could lead to significant improvements in the productive capacity of the economy. 3. India is well placed to benefit from globalization and outsourcing. A legacy of the British Empire is that India has one of the largest English speaking populations in the world. For working class intensive industries like call up centres India is an obvious target for outsourcing. This is an economic development probably to continue in the future. 4.

Positive Growth Forecasts A recent theme from Goldman Sachs, forecast that India could growth at a sustainable rate of 8% growth until 2020.However it is worth noting that this assumed Indian would take in several supply side policies such as labour market deregulation and improvements in education and training. Problems Facing Indian Economy   1. Inflation. Fuelled by rising wages, property prices and food prices inflation in India is an increasing problem. Inflation is currently between 6-7%. A depict 98% of Indian firms report operating close to sufficient capacity (2)With economic growth of 9.2% per annum inflationary pressures are likely to increase, especially with supply side constraints such... If you want to get a full essay, order it on our website: Ordercustompaper.com

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