StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Future of India's Economy - Research Paper Example

Cite this document
Summary
The current research attempts to explore India's economic standing 50 years from now in absolute and relative terms. The writer suggests that India is likely to be many times more prosperous 50 years from now than what it is today in per capita income of its citizens. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
The Future of Indias Economy
Read Text Preview

Extract of sample "The Future of India's Economy"

Download file to see previous pages

Most countries in the western world are facing declining proportion of working-age population due to aging; however, there is not going to be much change in the proportion of a working-age population of India in the years ahead. Aging population proportion is increasing every year across most developed economies and reasons attributed to the phenomenon are a reduction in fertility rates and gains in overall longevity of men and women. Only India and South Africa will have a higher share of the working-age population.

In 2011, the working-age population in India, age 15-64, is estimated at nearly 65 % of the total population that will increase further to around 68% in 2030. Though it will decline slightly in 2060 in proportion to the total population, it will still be higher in percentage terms when compared with its level of 2011. This is important because most of the developed economies including Japan, the US, and China, the proportion of this working class would have reduced to less than 60 percent (Johansson et al. p14). From the table, it is amply clear that its annual population growth rate would be even lower than the US; however, it will be higher than China, which shows a negative growth rate in 2060.

By 2060, India will be the top country in terms of population in the world. Crude death rate per thousand will be lesser than the US and China perhaps due to a relatively younger population in comparison to these countries. The infant mortality rate is an important indicator of health policies that prevail in the country, and on that count, it will still remain significantly higher than both the countries in comparison. Life expectancy for male and female both would have reached at the decent levels by then.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critical Analysis Essay On India Example | Topics and Well Written Essays - 750 words - 3”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1644765-critical-analysis-essay
(Critical Analysis Essay On India Example | Topics and Well Written Essays - 750 Words - 3)
https://studentshare.org/macro-microeconomics/1644765-critical-analysis-essay.
“Critical Analysis Essay On India Example | Topics and Well Written Essays - 750 Words - 3”, n.d. https://studentshare.org/macro-microeconomics/1644765-critical-analysis-essay.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Future of India's Economy

What do you understand by 'development'

“According to UN agency, “the Indian economy is likely to expand by 8.... per cent in 2011, the fastest growth rate in the world after China” (india's GDP to grow 8.... Many people believe that India may become a superpower in near future itself....
7 Pages (1750 words) Essay

Indias Space Mission Lacks Justification

india's economy does not compare with that of these nations, and explains why sacrificing 73 million US dollars is ridiculous.... Instead of paying all of this money to do a task like this, the money can be used to improve the economy and social problems in India.... If India had a stable and a good standing economy, then it would be fine if they thought of launching this mission.... Statistics reveal that India exhibits a poor economy, a factor that highlights the need for it to design policies and strategies that can help its economy register a level of growth....
4 Pages (1000 words) Essay

Great Wall Motor

In India, the automotive industry is a critical part of the economy.... The author of the paper touches upon the company of Great Wall Motor.... It is mentioned here that it is currently the biggest competitor in Chinese automotive industry; the car specializes on SUV cars.... Notably, the company was established in 1984 and up today its growth has been impressive....
16 Pages (4000 words) Coursework

Political systems in India

A robust economy, led by able and intelligent men, and a great variety of people with a variety of needs, Nokia would not only be hugely successful, but also would have the added advantage of successful experimentation.... ndia's Political and Legal OutlookIndia is a quasi-federal economy.... From the legal angle, India is an open-minded economy, which provides enough flexibility to global players to help them in doing their job effectively....
2 Pages (500 words) Essay

Indian economy(international business)

While this turnaround in india's economy is a source of celebration for… The foremost of the concerns is inflation.... While this turnaround in india's economy is a source of celebration for the world community, there are some genuine reasons for worry as well.... The top educational institutions are lacking in foresight to design courses and curriculum to meet the future demands of the global market place.... This situation does not auger well for the future....
2 Pages (500 words) Essay

Growing Importance of India For Investors (ie, India is the next China)

The economy is growing at a rapid pace with a GDP growth of about 8.... India Is the Next China) Table of Contents Overview 3 Growth of Indian economy 3 Obstacles to India's Growth 4Reasons for Investing In Indian Market 6References 8OverviewIndia as an emerging economy has great prospects for investors.... The economy is growing at a rapid pace with a GDP growth of about 8.... he economic reforms introduced in early 1990s have boosted the economy's growth....
2 Pages (500 words) Essay

The Outsourcing Advantage of India

The early socialist model of india's economy was at last reversed in a series of economic deregulation changes engineered in large part by then finance minister Mohaman Singh who is the current chief of state as Prime minster of the Coalition party in large part dominated by the Congress Party.... The reasons for India's advantage lie in the unique conditions of india's history.... The twin factors of improved communication between the previously disparate areas of india's widespread geography and the establishment of tradition of a civil service in India in an English medium did much to lay the groundwork for the great present day success of the outsourcing business....
10 Pages (2500 words) Essay

Indias Development to Becoming a Computer Giant

"Indias Development to Becoming a Computer Giant" paper looks at the changes brought about by economic reforms, identifies the characteristics of the Indian economy, India as an IT giant, introspect into the Indian economy, and further changes that have to be made.... Economic reforms introduced in the 1990s resulted in deep and profound changes occurring in the industrial, trade, and financial sectors of the economy.... The Indian economy is a diverse economy as it includes a variety of sectors such as agriculture, industry, handicrafts, textile, manufacturing, and a variety of service sectors....
8 Pages (2000 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us