National Income Trend in India

India’s economy is booming! With large decreases in poverty, increases in literacy and GDP, India is continuing to make its way out of the third world and into the first. India is predicted to surpass even China in growth by 2050. A competitive private capital market has instilled Indians with a low cost high quality mentality and has resulted in some of the highest return rates for any country. India has been averaging 6% growth compared to China’s 9.5% with half the investments. India capital efficiency is one of its strongest economic benefits.

The Indian economy following the 1991 crisis swiftly moved away from central planning economy towards market-based economy with the government having less intervention and control. As a result, companies were operating in what is called emerging

India’s economy is the fourth largest GDP in terms of purchasing power parity (Gupta and Gupta, 2008:68).

It is a matter of argument that the economic development in India has been brought about

India’s economy is one that appears to be on the brink of a major recession. Their central bank has made bad choices over the last number of years. This has lead to a low growth within the country and a high inflation rate. They changed their political leadership to someone who was more open to change and reform, but this has not come about. India reformed its tax system, which they believed would be the key to success in the country. This in fact caused the opposite. The economy slowed down sharply. They banned the sale of cows in India due to religions reason and this stopped the growth of agriculture as this was a huge export for the country. India has about 12 million new young people enter its job market each year and finding jobs for this vast quality of people is a hinderance for the country and yet another driving factor for lower growth. India expects the initial impact of their tax reform to be over and now they will see a stabilization of their economy. It is believed their economy will now grow in small increments due to this stabilization.

Census, India is the second most populous country in the world with 1.2 billion people. Many

The economy of India is the tenth-largest economy in the world by official GDP (Gross domestic product) of $2.047 trillion and the third-largest economy by PPP (Purchasing power parity) of $7.277 trillion retrieved on October 8, 2014 from the IMF (International monetary fund). India is one of the G-20 major economics, a member of BRICS and a developing economy that is among the top 20 global traders according to the WTO (World trade organization) with a GDP growth of 4.7% in 2013 and an estimated growth of 5.6% in 2014. India was the 19th-largest merchandise and the 6th largest services exporter in the world in 2013 with exports of software, petrochemicals, agricultureproducts, engineering goo, transportation

The two authors argue the main issue that India is continuing to face are due to the lack of concern for citizens especially for the poor citizens and women. Dreze and Sen proceed into their work as they continue to portray the way in which the citizens of India were being oppressed by the new economic and political policies. One of the issues Dreze and Sen use as an example of how India rapid economic growth is problematic is the countries lack to foster participation for economic growth. The lack of inclusion in economic growth leads to a wealth disparity between the citizens. The authors continue on depicting several other issues another one being the lack of enhancement to the standard of living despite generating economic growth from the use of public goods. The standards of living are a huge issue with India as it signals there is a large disparity within wealth. Dreze and Sen continue to document the lack of social and living standards especially in the case of education, medical care, and physical services like clean water, electricity, drainage, and sanitation. The authors proceed to make note how without a development of a social structure within India high economic growth can harm the citizens and ultimately neglect civil, political, and social rights. Dreze and Sen then

1. Economic prosperity and the consequent increase in purchasing power have given a fillip to a consumer boom. Note that during the 10 years after 1992, India's economy grew at an average rate of 6.8 percent and continues to grow at the almost the same rate – not many countries in the world match this performance.

The planned growth put the country back on track. Today, the literacy rate has improved to over 75 per cent, the per capita income has crossed Rs 25,000, health care facilities are available in every part of the country, and employment opportunities are growing. The large size of the population is actually a great source which can lead the country to dizzy heights. Nearly fifty per cent of our population is young which means a great working potential, which, if properly utilized can increase production and eradicate poverty.

As highlighted in the case study, India’s Domestic Gross Product (GDP) was well over 3 trillion in 2005 and the

During the last 2 years or so, India has been a victim of Global recession. It caused huge losses to the companies, leaving many as jobless. It further increased the rate of unemployment and made them as bankrupts in the society.

There are tons of economically successful counties in the world. However, these days two really stick out in the economic crisis. We are in currently; those are China and India. China and India are almost surpassing the United States faster than we can even try to catch up. They are moving at such an economically booming rate. China and India are moving and surpassing the United States with trade and by getting interest from loans to other countries. China and India are huge economic threats to the United States economy. In this research paper, I will be explaining why China and India are huge economic threats to the United States, why china and India are growing at substantially fast rates,

India is a developing country. The factors hindering development of the country are many. Some of them can be attributed to the low per capita income and larger chunk of the population living under the poverty line. India is a country with poor people but with rich natural resources. It can be said that the country’s potential is either the human resource or the natural resources are not adequately utilized to the maximum extent and that resulted in low per capita income. India is an agrarian economy. The economy is marred with unemployment and under employment. Since the economy is basically agrarian, disguised unemployment is also rampant among the farmer community.

The country’s population pyramid is anticipated to bulge across the 15-59 age groups over the next decade. This demographic advantage is predicted to last only until 2040. A World Bank report states that India is one of the few countries where working population continues to grow till 2050 [7]. With an annual addition of 9.25 million jobs per year, over 37 million jobs are expected to be created from 2012-13 through 2016-17 [8].