India is a country which had gained its independence more than 60 years ago since , also a country which is sited under the banner of "developing country". Furthermore the democratic India is the worst for its government official's bribery, which also affects the structural and economic growth of the country, but for this growing country there is a crisis of unemployment for the people with high skills. Country's highly talented leaders try to attract more international and foreign multinational companies to open new fields related to additional employment chances for developing the people and results in making the country develop. For this purpose as well as considering less cost in establishing a company partner in India and cheap labour, such matters is pulling big multinational companies to India; during this recession period. For in depth analysis in the various reasons for this international operations increasing in India, it will evident and helpful if we give a glance into the past of the country how it was run and various reasons for the international interest which will be done in section 2, further sections will be discussing on the current situations and growth from independence.
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Essay on “Indian Economy” Complete Essay for Class 10, Class 12 and Graduation and other classes.
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Essay On Indian Economy | Indian Economy Essay for Students and Children in English
The major factor that has been linked with economic development of a nation is population growth. Apart from income inequalities, population can hinder a nation from economic development. This is because population growth can contribute to increased unemployment, poverty level and environmental issues such as pollution with its associated health costs. India had a population of 1 billion in but this has increased tremendously.
Indian Economy. After independence, India chartered a path of economic development based on mixed economy, building a new industrial structure around the public sector and a closely monitored, regulated and controlled system where government played the role of licenser in the process of building industry. There were few hiccups in between.