Solutions and strategy to overcome challenges in development of India

India’s domestic business has seen high levels of corruption; more commonly the fraudulent behaviours and bribery of government officials and civil servants. This creates an unlevel playing field between domestic business and foreign business. Evidently this seemingly small issue of corruption could potentially tarnish India’s position as favoured destination of foreign investment (Mendiolaza, 2012).

In 2015 India was ranked among the highest countries globally in consumer confidence, this comes after the International Monetary Fund estimated an economic growth of up to 7% annually for the next decade in India. But this hasn 't always been the case, in fact, it wasn 't so long ago that India was simply another colonized nation around the world, not to mention it 's usually rare to see this kind of economic growth in such a small period of time. The Effects of globalization, with an emphasis on open trade networks, and the Imperial developments of the late 19th century have led to the emergence and rise of India 's market-based economy. This growth has been affected in a very positive way over a span of centuries by a combination of stronger economic developments brought about by a massive increase in the countries labor force and the emphasis on education and self-governance. An exposure to both the Western economic systems during the imperial age until their independence in 1947 and their subsequent involvement in the Asian, Middle Eastern and African trade routes from the late 15th century placed India in an economic equilibrium where they were able to benefit from both worlds and become one of the fastest growing economies.

China and India share many identities. They are two of the oldest civilizations. Both countries have a complicated relationship with the West because of imperialism. Currently, China has the largest population at around 1.4 billion people. India’s population is likely to succeed China in the coming future. The enormous labor force of China and India has allowed them to

For over three decades, India has experienced massive economic growth, and over the past five years, it has averaged an astounding 7% annual GDP growth rate. Conventional wisdom would say that this would have a deep impact on the everyday lives of Indian citizens, and it has. However, some of India’s population has received a far greater benefit than others. Even though India seems to be thriving on the surface, there are some deep seeded impediments to it maximizing its full potential and fully revolutionizing the lives of all its citizens. President Patil recognized the importance of making sure that growth not only occurred, but also that it benefitted the greatest amount of people in the process.

Make in India, Digital India, Smart Cities, Skill India, Housing for All and Start Up India are the government’s top priority economic projects. They collectively envision India as a high-functioning economy focused on industry, innovation and entrepreneurship; the promotion of investor confidence; job creation; the development of infrastructure; and achieving total digital connectivity.

The India experience underlines the difficulty in making changes on an adequate scale in a country of great size, population and complexity. But it also shows that the problems of change can only be understood when the beliefs, knowledge and attitude of the people are addressed.

Nevertheless, Indian government is trying its level best to tackle these problems. Efforts are under way to get the private sector involved in building world class infrastructure. The skill shortage, too, is being addressed. The literacy rate is rising quickly. Among 15-24 years old, it is over 80%. In an attempt to curb corruption and make India more business friendly, several reforms are being introduced. All these corrective efforts coupled with the favorable factors will ensure that India will be able to sustain its current economic growth rate.

The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial activity within its borders. To pursue further the entrepreneurial approach to economic growth, India must now provide opportunities for (1) education directed specifically at entrepreneurial skills, (2) financing of entrepreneurial

In a developing economy like India, most of the development activities are undertaken by incurring government expenditure (such as enhancing infrastructure, providing quality education and healthcare, programs for agriculture and MSME’s, etc.) which causes a rapid increase in money supply and may also lead to its over expansion. However, if the dual objective of economic

But having stated all this, it needed to note that India still stands poorly in world social parameters. We still are amongst the pooter nations of the world. Poverty ranks are still high. We are one of the most corrupt nations in the world and indexes do not rank us well. Socially our parameter are not high. This will sooner or later reflect upon our economics as well. This will be demonstrated in the rest of the essay. Corruption is considered bad and after the several scams that have hit India over the apst 4-5 years we have clearly not changed things. But there are studies that suggest otherwise.

A lot of hope reside on the upcoming government. Along with the expectations that Modi will change the landscape of the country, there also lies the obvious advantage of a majority government where the government will tend to less fractious and prone to disharmony thus facilitating quick introduction of reforms. This can be seen in the present context where Modi has announced a myriad number of development schemes to address the critical issues of the country. Some of them that are in the news are Swachh Bharat Abhiyan, Pradhan Mantri Jan Dhan Yojana, Make in India, labour reforms are so on. Even though the efforts are commendable, implementing the schemes to have the intended effect will be a big task in itself. We would like to go through some of these schemes to check whether they are holistic enough or address the underlying problems and the potential roadblocks in their effective implementation.

In the world next to Africa, India has the largest concentration of tribal population. According to 2011

The country of India has been home to some of the brightest and most influential people to ever walk this planet. However, they are still an ever evolving and developing country finding its footing in establishing themselves as a global power as well as developing internally. Many domestic problem exist, having grown and evolved from the foundation of India. Their issues consist of gender inequality, religious intolerance, economics, international relations, as well as corruption. Those are only some of the many problems which they face. As with many developing countries, India has a predominant issue when it comes to poverty. In August of 1947, Jawaharlal Nehru, the country’s first prime minister, wrote the national document, “A Tryst with Destiny”. In the document he states, “The future beckons to us. Whither do we go and what shall be our endeavor?...to fight and end poverty and ignorance and disease and inequality of opportunity...which will ensure justice and fullness of life to every man and woman.” To put the idea in perspective, it was written sixty-eight years ago at a transitional point in the countries history when they were granted freedom and independence from the oppressive rule of Great Britain. In this address, Nehru set forth his rule with many lofty goals that have yet to come to fruition. While it can’t have been expected that all these goal would be fulfilled, Nehru showed the country where they need to go in order to prosper into a great nation. This was

It is very obvious that if the opportunity to ensure that the ‘Good Governance is the path ahead for India’, may or may not be given to us by our elders, parents, teachers, or siblings, one will really do something for the good governance. Actually, the new comers of governmental body are either not that much perfect in their work or they get the feeling of greediness very soon of making more money, respect and reputation and thus gets corrupt. But, one will really work hard in both these cases by understanding my work properly and that one can easily do by maintaining mainly participation, accountability, responsibility, effectiveness, ensuring a management focus, making primary responsibilities for policy making,efficiency, and follows the rule of law, protocols, which are meant for all. Also one will look or one will assure that the corruption is minimized by getting control into the feeling of greediness and also by not making differences among poor and rich which is again a big and a major problem being faced by every poor family that their work is kept aside and first the work of a millionaire is

The biggest democracy of the world and the largest democracy in the world, India and the United States of America have always had an on/off relationship in spite of the their near identical origins, institutions and problems. Emerging from a British colonial past both countries have withstood a number of challenges and complications that arise in a modern heterogeneous state.India, on one hand is a 1.2 billion strong nation which is expected to become the world’s most populous within a generation. Armed with a nuclear arsenal, India boast of an army that is third after only China and the USA. Economically, the GDP of India in terms of purchasing power stands at $4.7 trillion which is the fourth largest in the world and is rising at the