Swot analysis of indian economy pdf. Swot Analysis Of Indian Economy [34m700dq5m46] 2022-11-16
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A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities, and threats of a particular entity, in this case, the Indian economy. By examining these four factors, we can gain a better understanding of the current state of the Indian economy and how it may be impacted by internal and external factors.
One of the strengths of the Indian economy is its large and growing population, which is expected to surpass China's population by 2027. This large population provides a significant consumer market and a large labor force, which can drive economic growth and development. In addition, India has a diverse and growing economy, with strong sectors such as manufacturing, services, and agriculture.
One of the weaknesses of the Indian economy is its relatively low per capita income, which is significantly lower than that of developed countries. This can limit the purchasing power of individuals and limit the potential for economic growth. In addition, India has a high level of income inequality, with a significant portion of the population living in poverty.
There are also several opportunities for the Indian economy, including the potential for increased trade and investment with other countries. India has a large and growing middle class, which presents opportunities for domestic and international businesses. In addition, India's growing technology sector offers potential for innovation and economic growth.
There are also several threats to the Indian economy, including the impact of climate change and environmental degradation, as well as the potential for political instability and conflict. In addition, India faces significant challenges in terms of infrastructure development and access to education, which can limit economic growth and development.
Overall, the Indian economy has a number of strengths, including a large and growing population, a diverse and growing economy, and potential for increased trade and investment. However, it also faces significant weaknesses and threats, including low per capita income, income inequality, and challenges in terms of infrastructure and education. By addressing these challenges and leveraging its strengths, the Indian economy has the potential to continue growing and developing in the future.
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Critically analyse the future prospect of the Indian Economy. Tech Industry Tech culture and tech companies are increasing in India, creating more job opportunities for young people. Infringements are subject to prosecution under the applicable laws. When some bad apples are involved in the robot-callers and phone scamming activities in foreign countries, they identify the scammers as Indians because of the accent. Outline the performance and strength of the Indian economy. They say that poverty is the mother of all evils.
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If the country keeps in the same direction, she will resolve many of her economic and social challenges. She really needs to upgrade the equipment of her because her productivity is falling. A majority of Indians can speak English. The Economic Survey 2016-17 has been released and it was tabled in the Parliament on 31 st January 2017. India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships.
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Skilled Workforce Indian universities produce millions of educated and skilled professionals every year. This brought more transparency to the system. Basic Necessities According to a study, approximately more than 1 million people would accommodate 69 major cities of India by the end of 2025. It presents an assessment of the performance of the Indian Economy over time, focusing the recent initiatives and developments. The mood of anti-globalisation regarding the goods, services and labour prevails in advanced economies. This will clean up India's financial system and help fuel liquidity and boost the Indian economy. Unlike the practices of the last couple years, the Economic Survey presented in one volume only this year.
Indian Economy: Overview, Market Size, Growth, Development, complianceportal.american.edu
The ratio of revenue expenditure to capital outlay decreased from 6. Department of Space DoS has got Rs. Prime Minister of India Mr. The Republic of India or Bharat is a South Asian country. In other words, the government has an extra availability of food supply.
. For consent related queries and conditions, please write to info. Weaknesses of India Poor Reputation India has the reputation of being a poor country. India's competitiveness in the world market is seriously threatened by emerging countries such as Vietnam, Bangladesh and Philippines. Narendra Modi, laid the foundation stone of 1,406 projects worth more than Rs. These emerging countries pose competition to India in a wide range of our export commodities and services.
In view of this, there have been some developments that have taken place in the recent past. The Indian Economy due to its peculiar trends has been a subject of interest for the world. Roundabout 80%of the people believe in Hinduism. Weaknesses: Primary weakness of the Indian economy is its excessive dependence on agriculture. Over recent decades, India's rapid economic growth has led to a substantial increase in its demand for exports. It will help raise our foreign reserves and create employment opportunities. It would create more job opportunities, and the country would ascend.
Tourism is a thriving industry in India and we need to harness its potential. So, under such an ominous environment, raising the share of India's exports in the world exports is likely to be very challenging. The youth of India, which makes a large part of the population is an advantage as it constitutes a huge work force. Threats India has to face Extreme Poverty India is facing two major issues; poverty and increasing population. With an improvement in the economic scenario and the Indian economy recovering from the Covid-19 pandemic shock, several investments and developments have been made across various sectors of the economy. Today, India is a leading producer of a number of agricultural products that give a boost to the export value. Since agriculture is monsoon dependent trade, production can vary by large margins and cause turbulence in the economy.
The majority of young people are of the age of 35, and approximately more than 40%of them are facing the issue of 30%of Indian people die because of hypertension. More than half of her population comprises younger people less than the age of 35. Her resources are scarce, and the number of people is increasing. However, India is likely to experience the value of the ratio near its peak over a much longer time. Increased government expenditure is expected to attract private investments, with a production-linked incentive scheme providing excellent opportunities. According to the McKinsey Global Institute, India needs to boost its rate of employment growth and create 90 million non-farm jobs between 2023 and 2030 in order to increase productivity and economic growth. Threats: Terrorism and corruption are the greatest threats that India faces.
Then, in 1991, India saw the largest economic reforms pioneered by Dr Manmohan Singh, the then finance minister. Strength: The strength of the Indian economy lies in its robust nature, which is evident from its constant growth even during times of recession 2008-09. Resultantly, it would impact the growth of her economy. India's comparatively strong position in the external sector reflects the country's generally positive outlook for economic growth and rising employment rates. The capital of the country is New Delhi.