: Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond

Go Back Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Projects HUB for Management Students ( MBA Projects and dissertations / BMS Projects / BBA Projects > Resolve Your Query - Get Help and discuss Projects > Managerial Economics ( Eco )

Future Challenges for Indian Economy

Future Challenges for Indian Economy

Discuss Future Challenges for Indian Economy within the Managerial Economics ( Eco ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; Indian Economy: Future Challenges Sustaining the growth momentum and achieving an annual average growth of 9-10 % in the next ...



LinkBack Thread Tools Display Modes
Future Challenges for Indian Economy
 (1 (permalink))
Sunanda K. Chavan
sunandaC has a spectacular aura aboutsunandaC has a spectacular aura aboutsunandaC has a spectacular aura about
Management Paradise Guru
Status: Offline
Posts: 6,685
Join Date: Jul 2010
Future Challenges for Indian Economy - September 9th, 2010

Indian Economy: Future Challenges

Sustaining the growth momentum and achieving an annual average growth of 9-10 % in the next five years.

Simplifying procedures and relaxing entry barriers for business activities and Providing investor friendly laws and tax system.

Checking the growth of population; India is the second highest populated country in the world after China. However in terms of density India exceeds China as India's land area is almost half of
China's total land. Due to a high population growth, GNI per capita remains very poor. It was only $ 2880 in 2003 (World Bank figures).

Boosting agricultural growth through diversification and development of agro processing.

Expanding industry fast, by at least 10% per year to integrate not only the surplus labour in agriculture but also the unprecedented number of women and teenagers joining the labour force every year.

Developing world-class infrastructure for sustaining growth in all the sectors of the economy

Allowing foreign investment in more areas.

Effecting fiscal consolidation and eliminating the revenue deficit through revenue enhancement and expenditure management.

Some regard globalization as the spread of western culture and influence at the expense of local culture. Protecting domestic culture is also a challenge.

Global corporations are responsible for global warming, the depletion of natural resources, and the production of harmful chemicals and the destruction of organic agriculture.

The government should reduce its budget deficit through proper pricing mechanisms and better direction of subsidies. It should develop infrastructure with what Finance Minister P Chidambaram
International Research Journal of Finance and Economics - Issue 5 (2006) 171 of India called “ruthless efficiency” and reduce bureaucracy by streamlining government procedures to make them more transparent and effective.

Empowering the population through universal education and health care, India must maximize the benefits of its youthful demographics and turn itself into the knowledge hub of the world through the application of information and communications technology (ICT) in all aspects of Indian life although, the government is committed to furthering economic reforms and developing basic infrastructure to improve lives of the rural poor and boost economic performance. Government had reduced its controls on foreign trade and investment in some areas and has indicated more liberalization in civil aviation, telecom and insurance sector in the future.

The lesson of recent experience is that a country must carefully choose a combination of policies that best enables it to take the opportunity - while avoiding the pitfalls. For over a century the United States has been the largest economy in the world but major developments have taken place in the world economy since then, leading to the shift of focus from the US and the rich countries of Europe to the two Asian giants- India and China. Economics experts and various studies conducted across the globe envisage India and China to rule the world in the 21st century. India, which is now the fourth largest economy in terms of purchasing power parity, may overtake Japan and become third major economic power within 10 years.
Friends: (0)
Reply With Quote
Your Friendly Helper
Rep Power: 10MBA Helper
Automatic Reply for links related to your post


I am your friendly Helper. Check the related links below which might be of your interest.

Not a Member Yet ?? Sign Up Now. Click Here

Looking for something? Search the Forums

Need Help on your Research Report ? Ask for Help or Help Others and create your network. Give back to the community by sharing your knowledge in terms of notes, research reports, discussions, articles etc..

Help Yourself and Help Others

Ask us, we are here to help

Related to Future Challenges for Indian Economy

Similar Threads

Thread Thread Starter Forum Replies Last Post
attrition rate & future challenges to HRM Sapna Mandhania LAW 1 June 12th, 2010 04:35 PM
Impact of American Economy on Indian Economy Roshni Bhatia Managerial Economics 0 May 21st, 2009 11:37 PM
Economic Contributions of Indian Tribes of Washington State to the Indian Economy Rahul Parab Managerial Economics 0 September 1st, 2008 10:30 PM
CHALLENGES FOR THE INDIAN BPO rohit_pn Articles !! 5 September 27th, 2007 12:11 PM
Challenges faced by B-Schools in the Digital Economy Roshni Bhatia Articles !! 0 March 26th, 2007 08:42 PM
Re: Future Challenges for Indian Economy
 (2 (permalink))
Dhanshree Dhanshree
Dhanshree is an unknown quantity at this point
Student of Bachelors In Management at PUNE UNIVERSITY
Pune, Maharashtra
Status: Offline
Posts: 4
Join Date: Oct 2010
Re: Future Challenges for Indian Economy - November 15th, 2010

Nice notes on ..........

Indian Economy: Future Challenges

Thanks for posting ........ very useful ............

Keep it on.........
Friends: (0)
Reply With Quote


agricultural growth, annual growth, economy challenges, expanding industry, expenditure management, fiscal consolidation, foreign investment, future challenges, future india, global corporations, indian economy, labour in agriculture, minister p chidambaram, revenue deficit, revenue enhancement, sustaining momentum, universal education, western culture

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Forgot Password?  New User?

» Recent Threads

Happy Rose Day 2015 HD...
Last post by Akash Babber
13 Minutes Ago 07:41 PM
1 Replies
Top 5 Friday Brunches to...
Last post by Murgha Joshi
1 Hour Ago 06:36 PM
0 Replies
Project on McDonald's
Last post by Reetika Bisht
1 Hour Ago 06:01 PM
3 Replies
Does movies influence...
Last post by Tanvi Desale
2 Hours Ago 05:11 PM
1 Replies
Pressure to Perform
Last post by Tanvi Desale
2 Hours Ago 05:08 PM
1 Replies
Ragging Students
Last post by Tanvi Desale
2 Hours Ago 05:04 PM
1 Replies
Should mobile phones be...
Last post by Tanvi Desale
2 Hours Ago 04:58 PM
1 Replies
Side effects of alcohol
Last post by Bliss Recovery
2 Hours Ago 04:55 PM
1 Replies
Short Term Technical... ( 1 2 3... Last Page)
Last post by Windsor Brokers
2 Hours Ago 04:54 PM
80 Replies
Coaching classes...a...
Last post by Tanvi Desale
3 Hours Ago 04:46 PM
2 Replies
What is the exact...
Last post by Eric Cirulis
3 Hours Ago 04:22 PM
2 Replies
Which one is the best...
Last post by Titus Mccullam
4 Hours Ago 03:34 PM
3 Replies
Last post by Eric Cirulis
4 Hours Ago 03:23 PM
3 Replies
30 Best Distance...
Last post by Heather Linhart
6 Hours Ago 01:49 PM
2 Replies
Last post by Tanvi Desale
7 Hours Ago 12:18 PM
0 Replies

» Ads

» Projects Helpline

Project report on USANA...
Last post by Kirti Soni
1 Week Ago 03:28 PM is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.

Management Paradise
About Us
Contact Us
Kartik Raichura
Terms & Conditions
Privacy Policy
Copyright © 2004 - 2013 Management Paradise. Site Developed by