Critically comment on the quality of growth that the Indian economy has experienced in recent decades....

Critically comment on the quality of growth that the Indian economy has experienced in recent decades. Answer in not less than 300 words.

Solutions

Expert Solution

Below are the comments that would sum up the quality of growth in the Indian economy:

1. India has sustained rapid growth of GDP for most of the last two decades leading to rising per capita income and reduction of poverty.

2. In spite of the growth in GDP there are still persistent trade and fiscal deficits due to inflation.

3. India has a fast growing population of working age.

4. India has a strong legal system and many English language speakers this has been key in attracting inward investment from companies.

5. India's economy has developed highly attractive and advanced clusters of businesses in the IT space. External economies of scale have deepened competitive advantages in many industries.

6. India is relatively a closed economy as it is a net importer of many primary products.

7. This country has a comparative advantage in many services industry such as Business software.

India's growth has been impressive in the resent years but the development is hampered by endemic structural problems. India requires significant investment in infrastructure, manufacturing and agriculture for rapid growth rates.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Critically comment on the quality of growth that the Indian economy has experienced in recent decades....

Critically comment on the quality of growth that the Indian economy has experienced in recent decades. What has been the implication of this growth phenomenon for employment and real wages? Can we call this growth lopsided?

Role of Manufacturing in Growth in Indian Economy.

What were the major achievements and failures of the first four decades of the Indian Economy...

What were the major achievements and failures of the first four decades of the Indian Economy since independence(1950-1991)?

What were the major achievements and failures of the first four decades of the Indian Economy...

What were the major achievements and failures of the first four decades of the Indian Economy since independence(1950-1991)? ANSWER IN MORE THAN 1500 WORDS

"The Indian economy saw its worst contraction in decades, with GDP shrinking by a record 23.9%...

"The Indian economy saw its worst contraction in decades, with GDP shrinking by a record 23.9% and it is the sharpest contraction since quarterly figures started being published in 1996". Explain this statement clearly using graphs figures and data. Use bullet points. Answer only if you know. Please don't give any wage and lengthy answers. Be pointistic. If I find it plagiarised ill report you.

The Indian economy saw its worst contraction in decades, with GDP shrinking by a record 23.9%...

The Indian economy saw its worst contraction in decades, with GDP shrinking by a record 23.9% and it is the sharpest contraction since quarterly figures started being published in 1996". Explain this statement clearly using graphs figures and data. Use bullet points. Answer only if you know. Please don't give any wage and lengthy answers. Be pointistic.DO NOT COPY FROM OLD CHEGG ANSWERS THEY ARE WRONG.I HAVE POSTED MULTIPLE TIMES BUT NO ONE ANSWERED ACCORDING TO MY REQUIREMENTS.ANSWER ONLY IF...

Outline fora PPT on Role of Manufacturing in growth in Indian Economy.

76. Economies have been generally showing strong rates of growth in recent decades, but how has...

76. Economies have been generally showing strong rates of growth in recent decades, but how has inequality (both within countries and between countries) changed during the time? 77. Discuss possible factors driving changes in economic inequality within and between countries. 78. What roles do human capital, natural resources, physical capital, and technology play in influencing long-run economic growth of aggregate output per capita? 84. Why is real GDP per capita used as a measure of a country's standard of living?...

comment on recent trends in the overall health of the economy, especially recent trends in total...

comment on recent trends in the overall health of the economy, especially recent trends in total employment, the unemployment rate, and the possibility of a significant speeding up (or slowing down) in economic activity (from current levels). Given recent trends, what are the near-term prospects for the U.S. economy, and how simulative or restrictive do you expect economic policy (both monetary and fiscal) to be over (say) the next 12 months, and how does the balance of political power between...

Maus and Company maker of quality hand made pipes, has experienced a steady growth in sales...

Maus and Company maker of quality hand made pipes, has experienced a steady growth in sales for the past five years. However, increased competition has led Michael Maus, the president to believe that an aggressive advertising campaign will be necessary next year to maintain the company’ growth. To prepare for the next year’s advertising campaign, the company accountant has prepared the following data for year 1 Cost Schedule Variable Cost per pipe Direct Labor $8 Direct Material 3.25 Variable Overhead...

Subjects