AN ECONOMIC STUDY ON CHALLENGES AND OPPORTUNITIES IN IMPROVING THE INDIAN ECONOMY
DOI:
https://doi.org/10.61841/k831hz89Keywords:
Indian economy,, stable Democracy,, Secular, Capitalizing, GDP growth, policies, Indian government, financial wireless transfers.Abstract
This paper reveals an economic study on challenges and opportunities in improving the Indian economy. India is the second country with largest population after China. India is a stable democracy. Its people are 80 percent Hindu, but it is also home to one of the world’s largest Muslim populations and other religions too. This is why, India is also called a secular country. India’s economic freedom score is 56.5, making its economy the 120th freest in the 2020 Index. Its overall score has increased by 1.3 points, led by an increase in the business freedom score. India is ranked 28th among 42 countries in the Asia–Pacific region, and its overall score is well below the regional and world averages. India’s diverse economy encompasses traditional village farming, modern agriculture, handicrafts, and a wide range of modern industries. Capitalizing on its large educated, English-speaking population, India has become a major exporter of information technology services, business outsourcing services, and software workers. The Indian economy has languished in the mid-range of the mostly unfree category for nearly two decades. GDP growth over the past five years, however, has been robust. As the country continues to benefit from the effects of economic liberalization, economic growth has been driven by higher private domestic consumption. This paper is alsoanalysing and discusses about the growth in the value of GDP which helps the raise of Indian economy and also considering the policies by the Indian government which made an impact on Indian economy. Also discusses about the effects of Indian economy by the financial wireless transfers from our country to the other countries.
Downloads
References
1. H. Venkatsubbiah, Enterprise and Economic Change: 50 Years of FICCI (New Delhi: Vikas Publishing House, 1977), pp. 169–72.
2. Suresh D. Tendulkar and T. A. Bhavani, Understanding Reforms (New Delhi: Oxford University Press, 2007), pp. 106–16.
3. stock market reform sees John Echeverri-Gent, ―Politics of Market MicroStructure,‖ in Rahul Mukherji, ed., India‘s Economic Transition (New Delhi: Oxford University Press, 2007), pp. 328–58.
4. Angus Deaton and Jean Dreze, ―Poverty and Inequality in India,‖ in Nayar, ed., Globalization and Politics in India, pp. 450–54.
5. United Nations Development Programme, Human Development Report 2007–8: Fighting Climate Change (New York: UNDP, 2007), pp. 230–31.
6. Angus Deaton and Jean Dreze, ―Poverty and Inequality in India,‖ in Baldev R. Nayar, ed., Globalization and Politics in India (New Delhi: Oxford University Press, 2007), pp. 408–49.
7. Supriya Roy Chowdhury, ―Public Sector Restructuring and Democracy,‖ in Mukherji, ed., India‘s Economic Transition, pp. 388–408; and Tendulkar and Bhavani, Understanding Reforms, pp. 138–48.
8. Rahul Tongia, ―The Political Economy of Indian Power Sector Reforms,‖ in David G. Victor and Thomas C. Heller, eds., The Political Economy of Power Sector Reform (Cambridge: Cambridge University Press, 2007), pp. 109–74.
9. NavrozDubash and Sudhir C. Rajan, ―Power Politics,‖ Economic and Political Weekly, September 1 2001, pp. 3367–90; Mukherji, ―Managing Competition,‖ pp. 313–23.
10. B. SarangaPani, N. Sreekumar and M. Thimma Reddy, ―Power Sector Reforms in Andhra Pradesh,‖ Governance and Policy Working Paper 11 (Hyderabad: Centre for Economic and Social Studies, 2007),
p. 11.
Downloads
Published
Issue
Section
License

This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.