The Indian economy is growing at a fast pace. It is officially the second fastest growing economy in the world. The Indian economy is likely to change a lot in the developing country.
Since the beginning of economic reforms in India in the early 1990s, the country has gone through a lot of drastic changes. There were plenty of job creation in the country after the economic reforms have been. Young people are getting employment opportunities like never before. New industries such as information technology (IT) and Business Process Outsourcing (BPO) have also more jobs for educated youth. In fact, now a days anyone can talk with editable knowledge of computers and English, a job in India. All sectors are growing at a fast pace. The auto industry has seen in recent times, a record growth. The processing industry has a large rate of growth.
In the coming years, India is expected, by some drastic changes economy to go. Economic growth in the double-digit rate will make the country a developed nation in a few decades.
However, the way of economic progress is not easy. There are some problems in the country, to make a go of the whole progress of the vein. Population explosion is such a problem. ensures the fast growing population of the country that the majority of the work to improve the standard of living of the people did go to zero. The country has limited resources, and it can live only a limited number of people sustained in the country. The basic requirement for the additional population assistance is urgently needed, the more resources bound to take over. The Government of India is yet to come up with some policy to curb the growing population.
Another threat to the Indian history of economic growth of terrorism. The threat of terror can derail produces all positive feelings through economic growth. can be done as activities, particularly in an environment of security each act of terrorism in all major economic center be a big blue in the country for foreign investment, affecting the overall economic growth of the country. For example, bombings in Mumbai had a negative impact on the economic scenario of the city.
Religious intolerance in India is growing. As some politicians always play politics to gain votes in elections, they can share people leading communal riots. As can be seen in the case of Gujarat, some politicians are likely to use religious emotions when marginalized. Any major incident of sectarian violence can derail the economic activity of a particular region. For example, after the communal violence in Gujarat, many branches of the state, especially of Ahmadabad, were affected.
Any other internal threat can also provide a wrench in the economic growth story at any time. As social unrest in the country is available, it may be a bad omen for the overall economy. The rich and poor is also bad for the economic growth of the country. To keep up with business news is good to keep the tabs on events in the economy.
But all the bad news shouldnt do not much affect and we shouldnt not to have forgotten fun in our lives.