India has one of the fastest growing economies in the world. The Indian economy is characterized by population bursts, poverty, unemployment and child labour. These rising issues have become a major concern for the Indian economy but yet have proven to bring a raise in the Indian economy for the 2011 year. This economic burst will not be sustainable for the Indian economy in the approaching years.
Researchers have found that India is becoming a very populous nation. It readily has an increasing birth rate and statistics show that the numbers will keep growing. India’s population is expected to reach 1.5 billion in 2030, accounting Indians’ to occupy 20% of the human population on earth. If the population bursts continue then the economy of India will go downhill. It will have an effect on many factors that play a role in the economy. This will not only make life harder for people who are already on the verge of poverty but make those who are under the poverty line have a harder time surviving.
Poverty is a growing concern in India especially when the nation has been estimated to have a third of the world’s poor. Population bursts are causing poverty in the society, making it harder for families to gain access to their daily necessities. The increase in poverty is the leading cause of children being malnourished and underweight. If this continues than there will not be a future generation to run the Indian economy. Due to the baby boomers and poverty on the line Indians’ are on high demand for jobs.
The unemployment rate is increasing slowly due to the baby boomers. The poor are looking for any job opportunities viable to the. Although, many don’t have the proper education and don’t meet the criteria for the jobs due to not sufficient education, a major issue due to poverty. Indian officials need to make more jobs for the people and offer free education to children throughout middle and high school. At this rate many...