In this article an attempt has been made to identify the major challenges and opportunities for the indian banking sector this article is divided in two major parts first half includes the introduction and general scenario of indian banking sector. Following are some of the major challenges for indian economy in the near- and mid-future inequality: the empirical results prove that income inequality is associated with high fertility rate, low growth rate, sociopolitical unrest, terrorism and lower accumulation of human capital through education. The main factors driving the food inflation in the economy is basically a prolonged neglect of indian agriculture, whereby the growth rate of agriculture has come down, so much so that t he growth rate of food grains during 1993-94 to 2003-04 was only 069% which further reduced to 032% during 2004-05 to 2009-10. India's political leadership, policy makers and business brains are actuated by a strong desire to make the country an economic super-power in the 21st century.
Once we start voting considering the core challenges india face, we have the power to change our beautiful nation of course, the solution part is my personal opinion i might not be 100% right or wrong, but if you think you have a better vision or opinion or steps to improve the problem, please share. Scarcity of water is a major problem faced by the farmers india is home to 16% of the world's population and it is endowed with only 4% of the total available fresh water (division 2007. Banks in india are considered to be the lifeline of the economy they play a catalytic role in activating and sustaining economic growth as per kpgm-cii report, india's banking sector is. India is expected to generate 51 million jobs till 2019, it is imperative to streamline all laws, to facilitate manufacturing sector in india so as economy could absorb new human resource inflow further, there's expected increase in productivity of agriculture sector, which will result substantial shift to industry.
Problems facing indian economy since 1991, the indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure this helped the indian economy to achieve a rapid rate of economic growth and economic development. India has major water pollution issues discharge of untreated sewage is the single most important cause for pollution of surface and ground water in india there is a large gap between generation and treatment of domestic waste water in india. The major issues and challenges of education sector and the concerned issues has been dealt under the following sub-heads- 1 expenditure on education 2 gross enrolment pattern 3. On the surface, india's economy looks solid heading into 2016, with third quarter 2015 growth up 74% over third quarter 2014 industrial production also expanded by 98% in october compared to a.
Accelerating the country`s infrastructure growth is one of the main priorities before the government lack of adequate infrastructure growth in the country is currently one of the major hurdles that the country is facing. Apart from causing individual tragedies, these diseases are also are a major economic threat according to a study by the forum in collaboration with the harvard school of public health, india stands to lose $615 trillion due to non-communicable diseases and mental disorders by 2030. India is a fastest developing country in the world india, with its diversified culture, civilization, natural resources, technology and huge skilled human resources, is also a fastest growing economy in the world but at the same time there are several problems plaquing our modern india which is. Essay tries to review india's growth story and development issues with major focus on poverty indian economy: journey after independence since 1951, india has. Challenges of indian economy economics notes module - 7 indian economy 81 21 challenges of indian economy each and every citizen of the country has a right to lead a decent life.
To learn more about the critical issues and challenges facing the world today, explore 11 global debates, a collections of essays celebrating 10 years of research by the global economy and. It was india's dismal state of forex reserves that forced the government to bring in economic reforms now, 25 years later, forex reserves are at a record high in 1991, it stood at just $58 billion. Essay on effects of globalization on indian economy it means to open the trade and economy for the international players in other words, every manufacturer or producer of goods can compete for sale of their products without restrictions or without any imposed control for example, think of a small. India is facing a large number of social issues such as caste system, child labour, illiteracy, gender inequality,superstitions, religious conflicts, and many more we have prepared a list of major social issues in india.
A social issue is a problem that influences a considerable number of the individuals within a society it is often the consequence of factors extending beyond an individual's control, and is the source of a conflicting opinion on the grounds of what is perceived as a morally just personal life or societal order. Indian economy: issues and challenges economics experts and various studies conducted across the globe envisage india and china to rule the world in the 21st century for over a century, the united states has been the largest economy in the world but major developments have taken place in the world. Globalization in india had a favorable impact on the overall growth rate of the economy this is major improvement give that india's growth rate in the 1970 s was very low at 3% and gdp growth in countries like brazil, indonesia, korea, and mexico was more than twice.