Summary of the Country of India

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Summary of the Country of India

By | November 2011
Page 1 of 2
Summary of India

Negative points about India:

India’s huge and growing population is the fundamental cause of the following social, economic, and environmental problems:
Significant over population
Environmental degradation
Extensive poverty
And ethnic & religious strife

Privatization of government-owned industries remains stalled and continues to generate political debate.

India’s infrastructure is weak and requires major modernization.

The majority of India’s population is uneducated.

India has 28 states, four major ethnic groups, 16 official languages, hundreds of local dialects and every religion know to man.

Positive points about India:

India has a diverse economy that encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services.

Over 50% or about three-fifths of the work force is in agriculture, leading the United Progressive Alliance (UPA) government in economic reform programs that include developing basic infrastructure to improve the lives of the rural poor and boost economic performance to help everyone out.

Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force.

India is developing its infrastructure by pumping over $60 billion annually to modernize it.

Over 80 million Indians hold secondary degrees and India is home to the largest number of engineering graduates in the world.

Reasons for doing FDI in India:

The government has reduced controls on foreign trade and investment. Mostly in service and telecommunications.

Each year production of manufacturers significantly expands

The economy has posted an average growth rate of more than 7% in the last 3 years, reducing poverty by about 10 percentage points. India achieved 8.5% GDP growth in 2006, 9.0% in 2007, and 7.3% in 2008, significantly expanding production of manufactures.

Over...