Problems and opportunities from the rapid growth of india

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Subject: The rapid growth of India creates both problems and opportunities for business in the rest of the world. Identify and assess these problems and opportunities in relation to India.

Words count: 2,353

Contents:

Introduction..................................................................................................................3
I. Consequences of the emergence ofIndia for trade in other economies and regions.........................................................................................................4
Developed countries.........................................................................................4
Impacts on the Euro zone......................................................................4
Impacts onJapan...................................................................................4
Impact on the United States...................................................................4
Developing countries........................................................................................5
Least developed countries.....................................................................5
Impact on LatinAmerica and the Caribbean (LAC)...............................5
Impact on Africa.....................................................................................6

II. Opportunities and problems for foreign investment from the growing dynamism of India.......................................................................................7
Opportunities for foreigninvestment.................................................................7
Increase of rural class incomes..............................................................7
Business outsourcing.............................................................................7
The infrastructure sector........................................................................7
The defensesector................................................................................8
Problems for foreign investment.......................................................................8
Lousy infrastructure................................................................................8
Educational problem..............................................................................9
Corruption isdebilitating.........................................................................9
Protectionism curbs business................................................................9
The naxalite movement........................................................................10Conclusion.................................................................................................................11
References................................................................................................................12
Appendix....................................................................................................................14
Introduction

Nowadays, India is the second most heavily populated regions in the world with 1,155,347,678 inhabitants by 2009 occupying3.8% of the world’s area and 22.6% of world population (World Bank, World Development Indicators). With economic globalization, India is becoming a new global growth engine in the current century (Parikshit, 2007). The Industrial Policy Resolution of 1956 accentuated the role of industry as the driving force for economic growth (Soo, 2007). India proceeded several nationalisations. Industrial,financial and foreign trade sectors were mostly under the control of the government (Parikshit, 2007). As a result, the liberalization of the economy in the 1980s had a large impact the Indian economy (Soo, 2007). With vast domestic markets and abundance of skilled workforce, the country has inherent capacities to create serious challenges to the global economy.
The rapid growth of India in the...
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