India is a country which had gained its independence more than 60 years ago since , also a country which is sited under the banner of "developing country". Furthermore the democratic India is the worst for its government official's bribery, which also affects the structural and economic growth of the country, but for this growing country there is a crisis of unemployment for the people with high skills. Country's highly talented leaders try to attract more international and foreign multinational companies to open new fields related to additional employment chances for developing the people and results in making the country develop. For this purpose as well as considering less cost in establishing a company partner in India and cheap labour, such matters is pulling big multinational companies to India; during this recession period. For in depth analysis in the various reasons for this international operations increasing in India, it will evident and helpful if we give a glance into the past of the country how it was run and various reasons for the international interest which will be done in section 2, further sections will be discussing on the current situations and growth from independence.
Why is India’s Gross Domestic Product falling?
Impact on Indian Economy Example | Graduateway
Since , the Indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure. This helped the Indian economy to achieve a rapid rate of economic growth and economic development. However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates. GDP per capita in Geary-Khamis dollars data range Despite rapid economic growth, unemployment is still an issue in both rural and urban areas.
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Essay examples. So the question arises exactly what is this change and how Business Indian Economy Investment 2 Pages. Likewise, a depreciating rupee makes exports cheaper and imports expensive. So, it is good news for industries such as IT, textiles, hotels and tourism which generate income mainly from exporting their products or services.