subject: Indopac Summit Ways Beyond Strengths And Weaknesses [print this page] Some Strengths of India Some Strengths of India
Large Middle Class
Indias middle class numbers approximately 400 million and is growing. Middle class citizens have disposable incomes. A middle class that is already larger than the population of the entire US is a lucrative and attractive market for trade.
Qualified Work Force
In spite of government and infrastructure difficulties, Indias economy is modernizing in software and hi-tech services. Software exports from India is expected to touch $70 billion dollars in the fiscal year ending in 2012, and business process outsourcing exports is also growing by 20 percent.
Government willing to Implement Market Oriented Reforms
The Government of India favours and has made many of market oriented reforms to foster the growth of the Indian economy. These reforms include liberalizing foreign investment, deregulating industry, reducing import tariffs and other trade barriers, modernization of the Indian financial sector, adjusting government fiscal policies, and improving intellectual property rights. The ability and willingness of the Government of India to make necessary reforms to enable Indias economic growth is a major strength for India.
Some weaknesses of India
Economy still suffers from a perception of backwardness. The Government of Indias poor history of dealing with its economy is a weakness for India.
Poor Infrastructure
India suffers from substandard infrastructure. A nations economy suffers impediments without adequate transportation features, electrical, and water services. Until investment in Indias infrastructure catches up, poor infrastructure will continue to be one of Indias weaknesses.
In this scenario, taking a holistic view, India continues to make market oriented reforms and is able to improve its infrastructure at a pace that is complementary to its economic growth. Foreign Direct Investment grows. India continues to try to serve its economic interests of growth, effective competition with China, and maintenance of the US as its largest trading partner. India maintains its middle class and its high tech work force. The Indian Government succeeds in making market oriented economic reforms, and India makes the necessary improvements to its infrastructure at a rate that helps the Indian economy grow. As a result, investment in the Indian economy grows, and so does the Indian economy. To register for Indopac Summit 2012 click http://hpe.asia/register.html
This is just a fact sheet kind of assessment. But more serious and beneficial assessments for businesses and investors would be deliberated upon in the forthcoming high profile Indopac Summit 2012 which would be held in New Delhi on 2nd and 3rd of October. The Summit would witness assemblage of a battery of top political and economic leaders from the world over. Their discussion would help bring forth the blueprint of economic growth for India and the other Asia Pacific countries which, in the present scenario, hold the key to the global economic growth. To read more articles click http://hpe.asia/blog/
