Opportunities and Challenges in India’s Emergence as an Economic Superpower and its Role in the Economy
Journal Title: Academic Research International - Year 2014, Vol 5, Issue 6
Abstract
This essay will divide into two parts, the first part is an in depth analysis of India’s opportunities through the examination of geographical and demographic factors , economic analysis of its GDP, PPP, Poverty Rate , Foreign Exchange and Gold reserve, Domestic Saving. It explores various sectors of the Indian economy, political and cultural factors that contribute to India‘s ability to emerge as an economic superpower. The second part of the paper highlights the threats such as dilemmas in the economic context which covers slower Gross Domestic Product (GDP), deficit in the current account, poverty, and economic inequality between the regions, income inequality of the population, low Foreign Direct Investment (FDI), inflation, unemployment, and brain drain. The social aspects such as corruption, malnutrition, education, low literacy rates, health care. Besides that, religious and political divides. It concludes with facts presented that India could indeed be a superpower provided it overcome the threats highlighted.
Authors and Affiliations
Careemah Choong, Dimitrios Koumparoulis
Keywords
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