Preview

Solutions and strategy to overcome challenges in development of India

Good Essays
Open Document
Open Document
999 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Solutions and strategy to overcome challenges in development of India
Issues and Challenges in Development of India

India as a Nation faces most of the issues this modern world has faced. It has the issues of the developed nations like the USA and other European countries and at the same time problems faced by the developing and underdeveloped countries in Africa and Asian continent. At the same time with a diverse population in diverse geographical setting with large number of social and religious issues, India faces issues of its own with unique kind of attention. In spite of these issues India 's progress with growth and development in recent decades has raised expectations to the extent that some analysts have started predicting when India will outgrow China. Due to this expectation, the pressure on the organization is comparatively large. Here are the most visible and common issues all over the nation to achieve the development work in the country. (1)Poverty
(2)Employment
(3)Agriculture
(4)Problems in Social Development
(5)Regional Disparities

India is surrounded by every possible social, economical and political issue along huge potential. The president of the USA, Barak Obama in his recent visit to India said that India is not developing, it is developed. Indeed India is a developed nation if we look into the GDP, government expenditure, few metro cities and life style of a branch of rich people. The people of India have built a strong image in the mind of foreigners who does not have access to the internal situation of this romantic country. It is accepted by all that this nation holds huge amount of capability for development. Lord Meghnad Desai, who argued, not without irony, that whatever else happens, “the government can still sit back and say 8.6 per cent”.

Indeed, India is one of the fastest growing economies in the world; the recent financial crisis could not cause huge damage due to the strong economical capability but even today, after 20 years of rapid growth, India is still one of the

You May Also Find These Documents Helpful

  • Powerful Essays

    Carborundum Annual Summary

    • 4718 Words
    • 19 Pages

    In India, the economy has emerged with remarkable rapidity IURP WKH VORZGRZQ FDXVHG E\ WKH JOREDO ÀQDQFLDO FULVLV *URZWK in 2010-11 as per the Advance Estimates released in January 2011 is estimated at 8.6%. Rebound in agriculture and continued momentum in manufacturing, despite the deceleration in services, helped to drive the economy. The slight slowdown in industrial 2…

    • 4718 Words
    • 19 Pages
    Powerful Essays
  • Best Essays

    Myer Swot Analysis

    • 1366 Words
    • 6 Pages

    Clarke, R.J. 2007. India looks forward. Organisation for Economic Cooperation and Development. The OECD Observer 263:9-11…

    • 1366 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    With the progress of merging global economies, markets throughout the world have benefited from increased investment, employment and income growth (Goyal 2006). Many countries have shown remarkable rapid economic growth with the expansion of business methods and companies across national boundaries. Realizing the potential of the world market, India has emerged as an economic superpower. India can be classified as a developing country, but its economy is one the fastest growing economies in the world. India…

    • 1929 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    India, despite all glorious statistics and rankings, today is a part of the league of third world nations. Do cite a very clear definition of global economies; first world countries are the developed capitalist countries where we place US, Russia. Second world countries are the socialist economies, China being the best example of the same. Third world countries are the developing and the least developed nations of the world. India is a part of this list with African, Asian, Latin American nations falling in queue too. Through this article I’ll first throw light on the major challenges that keep India in the Third world league and simultaneously talk about the constructives that can overturn our years’ long efforts of waving the ‘developed’ flag.…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    India is one of the fastest growing economies in the world, with a growth rate of 6% pa over the past 10 years. Following three decades of stale growth, often blamed on the following of socialist-inspired policies India has progressed towards a free market economy through economic liberaisation.…

    • 1018 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Pest Analysis of India

    • 546 Words
    • 3 Pages

    (2) Due to the rapid development of economy, India becomes one of the fastest growing countries in the world (according to the World Bank, the Indian economy is nominally worth US$1.848 trillion in 2011);…

    • 546 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Maternal Mortality

    • 945 Words
    • 4 Pages

    On an average the Indian economy has displayed a growth rate of more than 7% since 1997 decreasing poverty by ten percentage points. India is considered as one of the fastest growing economies in the world with an astounding growth rate of 8.5% in the year 2010. But for many Indians this growth has made no difference at all and failed to translate into any real gains.…

    • 945 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    We were assigned particular countries to understand how they impact the business and cultural realms of the world. I had the privilege of learning how business transpires in the country of India. In addition, we studied how understanding culture, the political processes, and legal systems could impact businesses positively or negatively. Traditions play and important role in the daily affairs of Indians, thus it carries over into business practices. With a population of over one billion, India represents lucrative and diverse opportunities for global markets all around the world. In fact, in the year 2007, India totaled an estimated 41.7 billion in imports and exports. Before you can do business in India, it’s important to understand their history and culture. Hindi and English are…

    • 1920 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    • Drèze, J. and Sen, A. K. (2002): India: Development and Participation, Oxford University Press, Oxford.…

    • 3035 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    took place in the household and in small scale industry and was not subject to systematic…

    • 742 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Development of India

    • 1199 Words
    • 5 Pages

    Prior to 1991, India followed mixed economy and the control of critical industries such as coal mining; steel, power and roads were under the control of the govt. The private sectors were allowed to establish certain industries again under the rules and regulations of the govt. In case of the public sector, the Govt invested a large amount and the purpose behind this strategy was to remove poverty, reduce inequalities in the distribution of income and wealth and to achieve economic growth and social justice.…

    • 1199 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Investment Commission Report

    • 20461 Words
    • 82 Pages

    India has achieved impressive GDP growth of over 7% per annum in the last few years.…

    • 20461 Words
    • 82 Pages
    Better Essays
  • Powerful Essays

    earthquake resistance design

    • 2357 Words
    • 12 Pages

    the world are prone to frequent earth quakes. It makes a great attention to the scientist &…

    • 2357 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    In this essay, I try to find an answer to the following question: How can the private sector best serve the unmet needs of India’s people in a sustainable way? I will answer this question from a local economic development perspective. Local economic development is “a process by which public, business and nongovernmental sector partners work collectively to create better conditions for economic growth and employment generation”. (The World Bank, 2010) The purpose of local economic development programs is to build up the economic capacity of an area to improve its economic future and the quality of life for all. Partners from different sectors work together to collectively achieve goals, although the initiative for LED programs usually comes from the governmental sector.…

    • 2712 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Economic Crisis and India

    • 300 Words
    • 2 Pages

    India is better placed when compared to other foreign countries. However what is affecting India’s growth is lack of strong Central power. The central government is not able to take decisions confidently for the economic progress of the country on account of coalition politics. Inflation is on the rise. Price of essential commodities, food cereals has gone up. Price of petrol and diesel is also rising steadily on account of global trends and this in turn results in increase of price of other services and commodities.…

    • 300 Words
    • 2 Pages
    Good Essays