Languishing for several decades in terms of growth perspective, India has now turned around and presently oscillating within a range of 8-9%, which is second highest performance after China in the global arena. Many renowned economists of the Globe are of the opinion that India would maintain a high rate of growth potential in future also in spite of its different problems. Their assessment are based on the facts that India would be capable of maintaining its workforce strengthening in the coming days as it has a positive rate of birth in terms of its population growth and as such this increasing number of workforce would result in more savings and more investment in the country. Besides, this would raise the level of productivity also simultaneously. Increased level of investment in turn would ensure infrastructure development in India as well and thereby enhance the production capability of economy in a significant manner. A large contingent of workforce that India holds, enable it to take up the labour intensive jobs throughout the Globe than the other countries more easily and it would capture more outsourcing jobs in future from other developed countries. From a recent review of a leading US financial firm, it has been stated that India would be able to keep its rate of annual GDP growth not below than 8% up to 2020 and within coming fifty years surpass the Economy of China. India would also gradually deregulate its labour market policy with the passage of time and bring about remarkable change in the field of education and training. Policy of more reform oriented programmes would be taken up and participation of multinational companies through merger and acquisitions would take place rapidly in the foreseeable future resulting in more economic activities. India is thus poised to take a definite turn in view of its micro as well as macro economic front.
The economy of India is gradually developing as one of the biggest in the world. There are many economic reforms being made which is enabling India to keep its GDP as high as 8%. The Indian economy mainly relies on the agriculture but with few years even IT and other sectors have come up contributing much to the economy.
Indian economy is based on individual struggle, hard earned money and hardships that we Indians have faced. once one of the richest nations, turned Impoverish. we have started again from scratch and today our economy is strong enough not to be hot by a financial monster known as recession. we are soon going to be the leading economy in the world. Amen
Days are not far when india will be topping the list We all know that India is one of the fastest developing countries in the world and the credit of which obviously goes to the most flourishing economy here, which is covering up and further saving people from the severe recession period and it's last impact. Some of the major service areas that are lending a big hand in the flourishing of our economy are agriculture, science and technology, I.T sector etc. I am sure that days are not far when India will be the topping the list of the best economies as well as the countries. Jai Hind.
indian economy is stated to be flourishing but then this flourishment is not even in all the sections of society. it is the higher class of the people benefiting more from such policies. what about the poorer india?? it is greatly ignored by the indian economist and more of the concentration is given to industrialization which i think should be changed
in terms of net growth, india is flourishing and moving fast towards development. the sectors like industries, technology are adding a lot to the growth. india could flourish more if it enhances its agricultural sector because it is way underdeveloped yet.
economy is flourishing in india, with its gross domestic product soaring high. though there are some under developed areas, there are efforts from people as well as the government to bring positive changes. india is becoming a large consumer as well and so there tends to be more development of companies and industries as india is a good place to start a new business.
No wonder Indian economy is flourishing because India is witnessing massive globalization over the time. Statistics confirm that India would be an economic superpower in next 10 years if it continues to grow in the same pace. The economy could be further enhanced by creating stronger economic policies which are suitable for our nation and not just copied from other nations.
