India: Strengths, Weaknesses, Opportunities, and Threats
INDIA IS A LAND of ancient civilization, with cities and villages, cultivated fields, and great works of art dating back 4,000 years. Her glorious past, natural beauty, resources, vast size and above all her unique geographical location has always given her the pride of place in the world. India, like any other developing country, has it’s own strengths, weaknesses, opportunities, and threats. To create a vision of what India will be like in, say, 10 years, we need to analyze these strengths and weaknesses. India’s largest strength is it’s geographical location. For countries located in particular time zones or around large populations, geographic location can have a particular advantage. India has a location between the large population and business hubs of Asia and those of Europe. India also has a powerful democracy. We have a strong constitution, and the citizens of India enjoy freedom and equality. India has a large internal market. Countries with large domestic markets benefit from tougher competition at home. This provides consumers with better choices and higher quality goods. Large domestic markets also help produce world beating industry champions, because the internal market is so competitive that any company that makes it international can draw from their experience. India's large, English-speaking workforce provides international competitive advantages, because English is the default global business language. India is fortunate enough to be extremely rich in natural resources like iron ore, coal, mica, copper, etc. Having natural resources within the country means that India does not have to import most minerals from other countries. India also has many other strengths like a very powerful army, large workforce, enormous Supply of Cheap labor, large Internal Market, an extremely good system of education, etc. Now, coming to the weaknesses, India has...
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